The company said it appointed John Furner as President and Chief Executive Officer effective February 1, 2026, with the appointment announced on November 13, 2025. This 8-K/A amendment provides information on Mr. Furner's compensation in connection with his new role.

1. 01

   The company said it appointed John Furner as President and Chief Executive Officer effective February 1, 2026, with the appointment announced on November 13, 2025. This 8-K/A amendment provides information on Mr. Furner's compensation in connection with his new role.

2. 02

   The company said Mr. Furner's annualized base salary will be $1,500,000 as of the effective date. For fiscal 2027, his target annual cash incentive under the Management Incentive Plan is 240% of base salary, with a maximum payout of 300% of base salary.

3. 03

   The company said Mr. Furner will be eligible for an annual equity award for fiscal 2027 with a value of about $17,000,000. The award will consist of 85% performance-based restricted stock units and 15% restricted stock, with the same grant date and vesting schedule approved by the CMDC for all executive officers.

4. 04

   Walmart said Mr. Furner will also receive a one-time award of performance-based restricted stock units in connection with his new role, with a value of about $10,000,000. About 3 of 1 will vest after the 1st anniversary of the grant date, and about 3 of 2 will vest after the 2nd anniversary of the grant date.

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Original filing

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