Walmart said on January January 15, 2026 it announced that Kathryn McLay, Executive Vice President, President and Chief Executive Officer, Walmart International, will step down from that position as of the close of business on January 31, 2026 and separate from the company effective April 30, 2026.

1. 01

   Walmart said on January January 15, 2026 it announced that Kathryn McLay, Executive Vice President, President and Chief Executive Officer, Walmart International, will step down from that position as of the close of business on January 31, 2026 and separate from the company effective April 30, 2026.

2. 02

   The company said it entered into a separation agreement with McLay on January 28, 2026. Subject to compliance with the agreement's terms, she will receive payments totaling $2,820,000 over 2 years following her separation date.

3. 03

   The company said it will accelerate the vesting of 24,051 restricted shares held by McLay as of her separation date. It said all of her remaining unvested equity awards will be forfeited.

4. 04

   The company said the agreement prohibits McLay from competing with it for 2 years after her separation date and from soliciting certain employees for employment for 6 months after that date. It said a copy of the agreement will be filed as an exhibit to its Form 10-K for the fiscal year ending January 31, 2026.

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Original filing

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