Walmart said it was informed on February 28, 2024 that John Furner, Executive Vice President, President and Chief Executive Officer, Walmart U.S., entered into a stock trading plan designed to comply with Rule 10b5-1.

1. 01

   Walmart said it was informed on February 28, 2024 that John Furner, Executive Vice President, President and Chief Executive Officer, Walmart U.S., entered into a stock trading plan designed to comply with Rule 10b5-1.

2. 02

   The company said Furner will sell 13,125 shares of common stock under the plan on a specified date each month from May 31, 2024 through February 27, 2025, and the maximum number of shares to be sold under the plan is 131,250.

3. 03

   The company said Furner's existing Rule 10b5-1 plan, entered into on March 6, 2023, expires when the last trade under it is executed in March 2024. It said the new plan is part of Furner's long-term asset diversification, tax and financial planning strategy and is in line with the company's Insider Trading Policy.

4. 04

   Walmart said Furner remains subject to the company's stock ownership guidelines, which require him to hold company stock worth at least 5 times his base salary, and that he will continue to meet this requirement after each monthly sale under the plan. The company also said transactions under the plan will be disclosed on Form 144 and Form 4 filings with the Securities and Exchange Commission to the extent required by law.

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