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Walmart | 8-K: Mr Furner Will Continue to Comply with the Requirements of the Company's Shareholding Guidelines

SEC announcement ·  Feb 28 23:06
Summary by Moomoo AI
On February 28, 2024, Walmart Inc. disclosed that John Furner, the Executive Vice President, President, and CEO of Walmart U.S., has initiated a prearranged stock trading plan in accordance with Rule 10b5-1. This rule allows corporate insiders to set up a trading schedule to sell stocks at predetermined times. Furner's plan involves the sale of 13,125 shares of Walmart's common stock monthly, starting May 31, 2024, through February 27, 2025, totaling up to 131,250 shares. The plan is part of Furner's long-term strategy for asset diversification, tax, and financial planning, and complies with Walmart's Insider Trading Policy. The transactions will be reported to the SEC via Form 144 and Form 4 filings as required. This plan follows the expiration of Furner's previous Rule 10b5-1 plan in March 2024. Despite the planned sales, Furner will maintain compliance with the company's stock ownership guidelines, which mandate holding stock worth at least five times his base salary.
On February 28, 2024, Walmart Inc. disclosed that John Furner, the Executive Vice President, President, and CEO of Walmart U.S., has initiated a prearranged stock trading plan in accordance with Rule 10b5-1. This rule allows corporate insiders to set up a trading schedule to sell stocks at predetermined times. Furner's plan involves the sale of 13,125 shares of Walmart's common stock monthly, starting May 31, 2024, through February 27, 2025, totaling up to 131,250 shares. The plan is part of Furner's long-term strategy for asset diversification, tax, and financial planning, and complies with Walmart's Insider Trading Policy. The transactions will be reported to the SEC via Form 144 and Form 4 filings as required. This plan follows the expiration of Furner's previous Rule 10b5-1 plan in March 2024. Despite the planned sales, Furner will maintain compliance with the company's stock ownership guidelines, which mandate holding stock worth at least five times his base salary.
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