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Walmart | 8-K: Walmart Announces 3-for-1 Stock Split

SEC announcement ·  Jan 31 15:29
Summary by Moomoo AI
On January 30, 2024, Walmart Inc. announced a 3-for-1 forward stock split, which was authorized by the company's Board of Directors. The stock split will be effected through an amendment to Walmart's Restated Certificate of Incorporation and will result in a proportionate increase in the number of authorized shares of common stock. Shareholders of record as of February 22, 2024, will receive two additional shares for each share held, with the distribution occurring after the market closes on February 23, 2024. Walmart's common stock is expected to begin trading on a split-adjusted basis on February 26, 2024. This move is aimed at making stock ownership more accessible to Walmart's associates, over 400,000 of whom participate in the company's Associate Stock Purchase Plan. The...Show More
On January 30, 2024, Walmart Inc. announced a 3-for-1 forward stock split, which was authorized by the company's Board of Directors. The stock split will be effected through an amendment to Walmart's Restated Certificate of Incorporation and will result in a proportionate increase in the number of authorized shares of common stock. Shareholders of record as of February 22, 2024, will receive two additional shares for each share held, with the distribution occurring after the market closes on February 23, 2024. Walmart's common stock is expected to begin trading on a split-adjusted basis on February 26, 2024. This move is aimed at making stock ownership more accessible to Walmart's associates, over 400,000 of whom participate in the company's Associate Stock Purchase Plan. The plan offers a 15% company match on the first $1,800 of stock purchased annually through payroll deductions. Walmart's CEO, Doug McMillon, emphasized the importance of making share ownership accessible to all associates, in line with founder Sam Walton's principles. The stock split is expected to increase the number of outstanding shares from approximately 2.7 billion to 8.1 billion. Proportionate adjustments will be made to Walmart's outstanding stock awards, warrants, equity incentive plans, common stock dividend, and authorized buyback programs. Walmart will file a Form 8-K with the SEC to report the amendment to its Restated Certificate of Incorporation after the effective date of the stock split.

This announcement is a separate document:

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