Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-10-16

Walmart Inc. (WMT)

CEO Doug McMillon was paid $29,240,930 in fiscal year 2026, ↑ up 6.7% from fiscal year 2025, the 62nd percentile of its disclosed peer group (SEC filing 0001193125-26-173673 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$44,092,488
Daniel Danker total, FY2026
EVP, AI Acceleration, Product and Design — highest-paid officer; CEO Doug McMillon: $29,240,930
62nd
CEO (Doug McMillon) pay percentile vs peers
958:1
CEO-to-median pay ratio
95.9%
Say-on-pay support, latest vote

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- Doug McMillon (President and CEO), FY2026 total compensation $29,240,930 (base salary $1,500,000) [exec_comp, SEC accession 0001193125-26-173673, filed 2026-04-23]

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WMT's next annual pay disclosure, estimated April 22, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Daniel Danker$435,712$5,000,000$37,701,005—$876,270—$79,501$44,092,488
EVP, AI Acceleration, Product and Design
Doug McMillon1,500,000021,051,60504,032,0002,215,278442,04729,240,930
President and CEO
John Furner1,313,000022,259,54302,769,390520,028481,18827,343,149
EVP, President and CEO, Walmart U.S.
Suresh Kumar1,135,000013,162,88802,288,16027,785113,29516,727,128
EVP, Global Chief Technology and Development Officer
John Rainey1,030,000012,065,93002,076,4800282,77815,455,188
EVP and CFO

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2026 totalFY2025 totalFY2024 totalΔ FY2025→2026
Daniel Danker$44,092,488———
Doug McMillon29,240,93027,408,85426,968,924↑ +1,832,076
John Furner27,343,14916,273,29115,622,611↑ +11,069,858
Suresh Kumar16,727,12815,983,60514,507,325↑ +743,523
John Rainey15,455,18813,499,31413,219,352↑ +1,955,874

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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$44,092,488 Daniel Danker total, FY2026

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Data as of October 16, 2026 · Source: 0001193125-26-173673 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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Companies that benchmark against WMT
23 companies name WMT as a compensation peer

Each company listed discloses WMT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named WMT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2026 total
Doug McMillonCEO$29,240,930
John FurnerExecutive$27,343,149
John RaineyCFO$15,455,188
Daniel DankerExecutive$44,092,488
Suresh KumarCTO$16,727,128
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2026 total
Brian NiccolIndependent Director$338,761
Carla A. HarrisIndependent Director$361,439
Cesar CondeIndependent Director$338,581
Gregory B. PennerDirector$563,539
Marissa A. MayerIndependent Director$338,581
Randall L. StephensonLead Independent Director$386,852
Robert E. Moritz JrIndependent Director$339,604
Sarah J. FriarIndependent Director$361,439
Shishir MehrotraIndependent Director$93,283
Steuart L. WaltonDirector$361,439
Thomas W. HortonIndependent Director$368,796
Tim FlynnIndependent Director$372,415
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2026 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Doug McMillonDirector2026-04-23D19,416$132$2,566,987Common, open-market saleForm 4 ↗
Seth DallaireExecutive Vice President2026-05-05D388.4213050,622CommonForm 4 ↗
Latriece WatkinsExecutive Vice President2026-05-05D228.1713029,737CommonForm 4 ↗
David W. GugginaExecutive Vice President2026-05-05D9,247.481301,205,224CommonForm 4 ↗
Dwayne M. MilumSVP & Controller2026-05-05D121.7413015,867CommonForm 4 ↗
Daniel J. BartlettExecutive Vice President2026-05-15D1,250134167,213CommonForm 4 ↗
Christopher James NicholasExecutive Vice President2026-05-19D15,254.711332,034,063CommonForm 4 ↗
Christopher James NicholasExecutive Vice President2026-05-21D2,900124359,368CommonForm 4 ↗
John R. FurnerDirector2026-05-21D1,025125128,053CommonForm 4 ↗
John R. FurnerDirector2026-05-21D12,1001241,500,521CommonForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-05-22D2,948121356,914Common, open-market saleForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-05-22D949,671120114,171,727Common, open-market saleForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-05-22D638,88112076,447,159Common, open-market saleForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-05-26D1,261121152,595Common, open-market saleForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-05-26D19,4421202,342,057Common, open-market saleForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-05-26D511,63711960,967,023Common, open-market saleForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-05-26D1,551,00000CommonForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-05-27D254,17811930,260,908Common, open-market saleForm 4 ↗
Latriece WatkinsExecutive Vice President2026-05-28D11,0001191,308,670CommonForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-05-28D207,64911924,712,827Common, open-market saleForm 4 ↗
Doug McMillonDirector2026-05-28D19,4161192,303,252Common, open-market saleForm 4 ↗
Daniel J. BartlettExecutive Vice President2026-05-29D42400CommonForm 4 ↗
David W. GugginaExecutive Vice President2026-06-02D118.2711513,554CommonForm 4 ↗
Latriece WatkinsExecutive Vice President2026-06-02D228.1711526,148CommonForm 4 ↗
Seth DallaireExecutive Vice President2026-06-02D388.4211544,512CommonForm 4 ↗
Dwayne M. MilumSVP & Controller2026-06-02D121.7411513,952CommonForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-06-02D143,03811416,328,846Common, open-market saleForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-06-02D1,628,295113184,394,476Common, open-market saleForm 4 ↗
Marissa A. MayerDirector2026-06-04A1,93500CommonForm 4 ↗
Cesar CondeDirector2026-06-04A1,93500CommonForm 4 ↗
Steuart L. WaltonDirector2026-06-04A1,93500CommonForm 4 ↗
Shishir MehrotraDirector2026-06-04A1,93500CommonForm 4 ↗
Robert E. Moritz JrDirector2026-06-04A1,93500CommonForm 4 ↗
Thomas W. HortonDirector2026-06-04A1,93500CommonForm 4 ↗
Gregory B. PennerDirector2026-06-04A2,88100CommonForm 4 ↗
Carla A. HarrisDirector2026-06-04A1,93500CommonForm 4 ↗
Randall L. StephensonDirector2026-06-04A1,93500CommonForm 4 ↗
Sarah J. FriarDirector2026-06-04A1,93500CommonForm 4 ↗
David W. GugginaExecutive Vice President2026-06-10D11,9781201,435,204CommonForm 4 ↗
Daniel J. BartlettExecutive Vice President2026-06-15D1,385120165,965CommonForm 4 ↗
Latriece WatkinsExecutive Vice President2026-06-16D3,667.21121443,073CommonForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-06-16D24,7161223,025,691Common, open-market saleForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-06-16D539,73712265,730,251Common, open-market saleForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-06-16D3,860,251121467,032,467Common, open-market saleForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-06-16D886,00000CommonForm 4 ↗
Christopher James NicholasExecutive Vice President2026-06-18D2,900118342,752Common, open-market saleForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-06-23D767,00000CommonForm 4 ↗
Walton Family Holdings TrustGreater-than-10% holder2026-06-24D1,703,00000CommonForm 4 ↗
Steuart L. WaltonDirector2026-06-30A30911334,997CommonForm 4 ↗
Gregory B. PennerDirector2026-06-30A50211356,857CommonForm 4 ↗
Carla A. HarrisDirector2026-06-30A15511317,555CommonForm 4 ↗
Robert E. Moritz JrDirector2026-06-30A27611331,260CommonForm 4 ↗
Shishir MehrotraDirector2026-06-30A25411328,768CommonForm 4 ↗
Randall L. StephensonDirector2026-06-30A41911347,456CommonForm 4 ↗
Sarah J. FriarDirector2026-06-30A30911334,997CommonForm 4 ↗
Cesar CondeDirector2026-06-30A25411328,768CommonForm 4 ↗
Marissa A. MayerDirector2026-06-30A25411328,768CommonForm 4 ↗
Daniel J. BartlettExecutive Vice President2026-07-01D3,775110413,891CommonForm 4 ↗
Seth DallaireExecutive Vice President2026-07-14D386.6211544,376CommonForm 4 ↗
Dwayne M. MilumSVP & Controller2026-07-14D121.1811513,909CommonForm 4 ↗
David W. GugginaExecutive Vice President2026-07-14D117.7311513,512CommonForm 4 ↗
Latriece WatkinsExecutive Vice President2026-07-14D227.1111526,068CommonForm 4 ↗
Christopher James NicholasExecutive Vice President2026-07-16D1,261114144,358Common, open-market saleForm 4 ↗
Christopher James NicholasExecutive Vice President2026-07-16D1,639114186,640Common, open-market saleForm 4 ↗
Daniel J. BartlettExecutive Vice President2026-08-03D3,710113419,601CommonForm 4 ↗
Latriece WatkinsExecutive Vice President2026-08-11D227.1111325,587CommonForm 4 ↗
Dwayne M. MilumSVP & Controller2026-08-11D121.1811313,652CommonForm 4 ↗
Seth DallaireExecutive Vice President2026-08-11D386.6211343,557CommonForm 4 ↗
David W. GugginaExecutive Vice President2026-08-11D117.7311313,263CommonForm 4 ↗
Christopher James NicholasExecutive Vice President2026-08-20D2,900106308,383Common, open-market saleForm 4 ↗
Daniel DankerExecutive Vice President2026-08-25D52,458.811065,586,338CommonForm 4 ↗
Daniel DankerExecutive Vice President2026-08-26D50,6441055,335,345CommonForm 4 ↗
Daniel J. BartlettExecutive Vice President2026-09-01D3,950105415,298Common, open-market saleForm 4 ↗
David W. GugginaExecutive Vice President2026-09-08D117.7310712,613CommonForm 4 ↗
Dwayne M. MilumSVP & Controller2026-09-08D121.1810712,983CommonForm 4 ↗
Seth DallaireExecutive Vice President2026-09-08D386.6210741,422CommonForm 4 ↗
Latriece WatkinsExecutive Vice President2026-09-08D227.1110724,333CommonForm 4 ↗
John R. FurnerDirector2026-09-17D6,045107645,872Common, open-market saleForm 4 ↗
John R. FurnerDirector2026-09-17D7,080106754,006Common, open-market saleForm 4 ↗
Christopher James NicholasExecutive Vice President2026-09-17D1,395107149,022Common, open-market saleForm 4 ↗
Christopher James NicholasExecutive Vice President2026-09-17D1,505106160,264Common, open-market saleForm 4 ↗
Steuart L. WaltonDirector2026-09-30A33700CommonForm 4 ↗
Carla A. HarrisDirector2026-09-30A16800CommonForm 4 ↗
Shishir MehrotraDirector2026-09-30A27700CommonForm 4 ↗
Randall L. StephensonDirector2026-09-30A45700CommonForm 4 ↗
Sarah J. FriarDirector2026-09-30A33700CommonForm 4 ↗
Cesar CondeDirector2026-09-30A27700CommonForm 4 ↗
Marissa A. MayerDirector2026-09-30A27700CommonForm 4 ↗
Robert E. Moritz JrDirector2026-09-30A36100CommonForm 4 ↗
Gregory B. PennerDirector2026-09-30A54700CommonForm 4 ↗
Daniel J. BartlettExecutive Vice President2026-10-01D3,990104416,596CommonForm 4 ↗
Dwayne M. MilumSVP & Controller2026-10-06D121.6110512,777CommonForm 4 ↗
David W. GugginaExecutive Vice President2026-10-06D117.7310512,369CommonForm 4 ↗
Seth DallaireExecutive Vice President2026-10-06D386.6210540,622CommonForm 4 ↗
Latriece WatkinsExecutive Vice President2026-10-06D227.1110523,863CommonForm 4 ↗
Latriece WatkinsExecutive Vice President2026-10-14D5,000115575,000CommonForm 4 ↗
John R. FurnerDirector2026-10-15D6,036121729,907Common, open-market saleForm 4 ↗
John R. FurnerDirector2026-10-15D7,089120852,995Common, open-market saleForm 4 ↗
Christopher James NicholasExecutive Vice President2026-10-15D1,300121157,229Common, open-market saleForm 4 ↗
Christopher James NicholasExecutive Vice President2026-10-15D1,600120192,522Common, open-market saleForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2026

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Daniel DankerPSU2025-08-1830,93161,862—92,793$6,084,128
Doug McMillonRSU2025-11-13——11,524—1,181,671
John FurnerPSU2026-01-1482,659165,316—330,63219,408,593
Suresh KumarPSU2026-01-1441,91183,822—167,6449,808,850
Suresh KumarRSU2026-01-14——27,941—3,354,038
Daniel DankerRSU2026-01-14——18,627—2,235,985
John RaineyPSU2026-01-1438,41976,837—153,6748,991,466
John FurnerRSU2026-01-14——23,750—2,850,950
Daniel DankerRSU2025-08-18——226,828—22,841,580
John RaineyRSU2026-01-14——25,612—3,074,464
Daniel DankerPSU2026-01-1427,94155,882—111,7646,539,312
Doug McMillonPSU2025-11-1397,949195,898—293,84719,869,934
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Daniel Danker$25,077,565$12,623,440$033.5%
Doug McMillon1,181,67119,869,934094.4%
John Furner2,850,95019,408,593087.2%
Suresh Kumar3,354,0389,808,850074.5%
John Rainey3,074,4648,991,466074.5%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Suresh KumarPSU125,733—$14,979,830
Doug McMillonRSU694,952—82,796,581
Suresh KumarRSU394,461—46,996,084
John FurnerRSU386,107—46,000,788
John RaineyRSU330,016—39,318,106
John RaineyPSU115,256—13,731,600
Daniel DankerRSU304,774—36,310,774
John FurnerPSU247,975—29,543,742
Daniel DankerPSU83,823—9,986,672
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation programs are intended to motivate and retain key executives, with the goal of generating strong operating results aligned with our long-term strategy. We have developed our compensation programs to support our enterprise strategy and to align our leadership team with our culture, strategy, and organizational structure.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantFarient Advisors LLC
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-046,263,129,484256,160,71211,285,24095.9%Passed
20252025-06-056,338,327,929319,798,7629,938,16995.05%Passed
20242024-06-056,186,027,386501,360,06412,498,62292.33%Passed
20232023-05-311,775,184,578457,965,1485,292,90979.3%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0495.9%a
20252025-06-0595.05%b
20242024-06-0592.33%c

a. Approved under the standard stated in the filing — “Because each of the other proposals requires the affirmative vote of the holders of a majority in the voting power of the Shares present or represented by proxy and entitled to vote on each such proposal, an abstention will have the effect of a vote against each of the other proposals”.

b. Approved under the standard stated in the filing — “Because each of the other proposals requires the affirmative vote of the holders of a majority in the voting power of the Shares present or represented by proxy and entitled to vote on each such proposal, an abstention will have the effect of a vote against each of the other proposals.”.

c. Approved under the standard stated in the filing — “Because each of the other proposals requires the affirmative vote of the holders of a majority in the voting power of the Shares present and entitled to vote on each such proposal, an abstention will have the effect of a vote against each of the other proposals.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)958 : 1
CEO total compensation$29,240,930
Median employee compensation$30,520
08

Director compensation — fiscal year 2026

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Gregory B. PennerNot independent · Executive Committee$221,071$342,468$0$0—$563,539
Randall L. StephensonIndependent · Lead Independent Director · Compensation and Management Development · Executive Committee · Nominating and Governance (Chair) · Strategic Planning and Finance156,429230,01000413386,852
Tim FlynnIndependent · Audit (Chair) · Technology and eCommerce · Not standing for re-election141,429230,01000976372,415
Thomas W. HortonIndependent · Audit · Nominating and Governance · Strategic Planning and Finance138,571230,01000215368,796
Sarah J. FriarIndependent · Technology and eCommerce (Chair)131,429230,01000—361,439
Steuart L. WaltonNot independent · Strategic Planning and Finance (Chair)131,429230,01000—361,439
Carla A. HarrisIndependent · Compensation and Management Development (Chair) · Nominating and Governance · Strategic Planning and Finance131,429230,01000—361,439
Robert E. Moritz JrIndependent · Audit · Technology and eCommerce108,751230,01000843339,604
Brian NiccolIndependent · Compensation and Management Development · Technology and eCommerce · Not standing for re-election108,751230,01000—338,761
Cesar CondeIndependent · Audit · Strategic Planning and Finance108,571230,01000—338,581
Marissa A. MayerIndependent · Compensation and Management Development · Technology and eCommerce108,571230,01000—338,581
Shishir MehrotraIndependent · Compensation and Management Development · Technology and eCommerce093,2830—093,283
Doug McMillonEmployee director · Executive Committee (Chair) · Not standing for re-election000000
John R. FurnerEmployee director · Executive Committee · Newly elected000000
09

Board fee structure and ownership guideline

Annual cash retainer$115,000
Annual equity retainer$230,000
Per board meeting fee$4,000
Committee chair fees (audit / comp / nom-gov)35,000 / 25,000 / 25,000
Stock ownership guideline5x annual retainer
09b

Total cost of the board

ComponentFY2026
Cash retainers and fees$1,486,431
Equity awards (grant-date value)$2,735,851
All other compensation$2,447
Total cost of the board$4,224,729

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2026

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Walmart Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Walmart Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Microsoft Corporation2025Satya Nadella$2,500,000$84,245,496$0$9,555,000$96,496,790
2Apple Inc.2025Tim Cook3,000,00057,535,293012,000,00074,294,811
3American Express Company2025Stephen Squeri1,729,16723,486,2575,399,962046,239,805
4Walt Disney Company2025Robert Iger1,000,00021,000,05714,000,0067,250,00045,842,574
5JPMorgan Chase & Co.2025James Dimon1,500,00032,500,000——40,632,724
6Nike, Inc.2026Elliott Hill1,500,00028,137,7983,967,1132,220,00036,340,876
7T-Mobile US, Inc.2025Srinivasan Gopalan861,53927,114,07803,623,60335,439,421
8Comcast Corporation2025Brian Roberts2,600,96223,473,07608,583,17535,148,413
9Verizon Communications Inc.2025Daniel Schulman375,00032,774,7950937,50034,311,016
10Walmart Inc.2026Doug McMillon1,500,00021,051,60504,032,00029,240,930
11Meta Platforms, Inc.2025Mark Zuckerberg100025,125,904
12McKesson Corporation2026Brian Tyler1,591,66717,201,20204,456,66824,213,044
13PepsiCo, Inc.2025Ramon Laguarta1,804,61511,550,00805,771,00023,903,545
14United Parcel Service, Inc.2025Carol Tomé1,509,71317,550,5461,358,7542,264,56922,878,788
15CVS Health Corp2025J. David Joyner1,500,00014,499,93104,695,90021,214,084
16McDonalds Corporation2025Christopher Kempczinski1,550,0008,000,2158,000,0662,367,16020,574,525
17The Procter & Gamble Co.2026Shailesh Jejurikar1,387,50011,035,2093,500,010018,976,742
18Albertsons Companies Inc.2025Susan Morris1,330,76911,010,00902,220,70616,767,866
19The Home Depot Inc.2025Edward Decker1,400,0009,612,2512,369,9172,657,63116,191,127
20The Kroger Co.2025Ronald L. Sargent3,975,80610,000,077——14,037,608
21Costco Wholesale Corporation2025Ron Vachris1,183,27012,036,8000600,00013,932,597
22Walgreens Boots Alliance, Inc.2024Timothy Wentworth1,290,38511,600,7440013,282,800
23Alphabet Inc.2025Sundar Pichai2,007,69200010,906,079
24Target Corporation2025Michael Fiddelke1,065,3857,853,2530300,8829,598,071
25Amazon.com, Inc.2025Andrew Jassy365,0000002,069,861

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Walmart Inc.112%not disclosedNoFarient Advisors LLC
Albertsons Companies Inc.94%PSU 50 · RSU 50NoFW Cook
Alphabet Inc.not disclosednot disclosedYes — Alphabet's relative total shareholder return relative to S&P 100 companies (TSR)Compensia Inc. and Semler Brossy
Amazon.com, Inc.not disclosedRSU 100not disclosedNone (Committee may engage compensation consultants but did not do so in 2025)
American Express Company181%PSU 100Yes — 3-year TSR compared to LTIA Performance Peer GroupSemler Brossy
Apple Inc.not disclosednot disclosedYes — Relative TSRPay Governance LLC
Comcast Corporation110%PSU 100Yes — Relative TSR ModifierKorn Ferry
Costco Wholesale Corporation120%RSU 100NoNone used (Committee has authority to engage consultants but did not use any)
CVS Health Corp156.5%PSU 60 · RSU 20 · Options 20Yes — rTSR ModifierKorn Ferry
JPMorgan Chase & Co.not disclosedcash 40 · PSU 30 · RSU 30Nonot disclosed
McDonalds Corporationnot disclosedPRSU 50 · Option 50NoSemler Brossy Consulting Group LLC
McKesson Corporation140%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR) relative to comparator groupKorn Ferry
Meta Platforms, Inc.115%RSU 100not disclosedCompensia, Inc.
Microsoft Corporationnot disclosedPSA 100NoPay Governance LLC
Nike, Inc.74%PSU 50 · Option 25 · RSU 25Yes — Relative TSRnot disclosed
PepsiCo, Inc.not disclosednot disclosedYes — Relative TSR PerformanceFW Cook
T-Mobile US, Inc.161%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (RTSR)Mercer
Target Corporationnot disclosedPSU 60 · PBRSU 40NoSemler Brossy
The Home Depot Inc.95%PSU 50 · RSU 30 · Options 20NoPay Governance
The Kroger Co.93.84%not disclosedYes — Value creation (iTSR)Korn Ferry; Meridian Compensation Partners, LLC
The Procter & Gamble Co.not disclosedPSU 50 · Options 25 · RSU 25Yes — Relative TSR MultiplierMeridian Compensation Partners, LLC
United Parcel Service, Inc.75%PSU 93 · Options 7Yes — Relative Total Shareowner Return (RTSR)FW Cook
Verizon Communications Inc.100%PSU 60 · RSU 40Yes — relative total shareholder return (TSR) position compared with the companies in the S&P 100Meridian Compensation Partners, LLC
Walgreens Boots Alliance, Inc.not disclosedRSU 100not disclosedMercer
Walt Disney Company144.4%PSU 60 · Options 40Yes — TSR performance relative to the S&P 500 Media & Entertainment IndexPay Governance LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Walmart Inc. in fiscal 2026?
As disclosed, Daniel Danker (EVP, AI Acceleration, Product and Design) was the highest-paid executive at Walmart Inc. in fiscal 2026, with total compensation of $44,092,488.
How does Walmart Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Doug McMillon's total compensation ranked at the 62nd percentile of Walmart Inc.'s disclosed peer group.
What is Walmart Inc.'s CEO-to-median employee pay ratio?
As disclosed, Walmart Inc.'s CEO-to-median employee pay ratio was 958:1.
How did shareholders vote on Walmart Inc.'s executive compensation?
As disclosed, 95.9% of shareholders supported Walmart Inc.'s executive compensation in the latest say-on-pay vote.
How much does Walmart Inc. spend in total on board compensation for fiscal 2026?
As disclosed, Walmart Inc. reported total board compensation of $4,224,729 for fiscal 2026.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Daniel DankerDEF 14A2026-04-230001193125-26-173673Section “Summary Compensation” · page 82. As printed: 44,092,488. Filing ↗machine: r24 · c16 · span 3978381–3978391
2Section 01, Doug McMillonDEF 14A2026-04-230001193125-26-173673Section “Summary Compensation” · page 82. As printed: 29,240,930. Filing ↗machine: r4 · c16 · span 3840466–3840476
3Section 01, John FurnerDEF 14A2026-04-230001193125-26-173673Section “Summary Compensation” · page 82. As printed: 27,343,149. Filing ↗machine: r9 · c16 · span 3874849–3874859
4Section 01, Suresh KumarDEF 14A2026-04-230001193125-26-173673Section “Summary Compensation” · page 82. As printed: 16,727,128. Filing ↗machine: r19 · c16 · span 3943824–3943834
5Section 01, John RaineyDEF 14A2026-04-230001193125-26-173673Section “Summary Compensation” · page 82. As printed: 15,455,188. Filing ↗machine: r14 · c16 · span 3909311–3909321
6Section 03, Daniel Danker PSUDEF 14A2026-04-230001193125-26-173673Section “Fiscal 2026 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r26 · c12 · span 4288293–4288299
7Section 03, Doug McMillon RSUDEF 14A2026-04-230001193125-26-173673Section “Fiscal 2026 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r7 · c16 · span 4145549–4145555
8Section 03, John Furner PSUDEF 14A2026-04-230001193125-26-173673Section “Fiscal 2026 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r11 · c12 · span 4174401–4174408
9Section 03, Suresh Kumar PSUDEF 14A2026-04-230001193125-26-173673Section “Fiscal 2026 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r21 · c12 · span 4250306–4250312
10Section 03, Suresh Kumar RSUDEF 14A2026-04-230001193125-26-173673Section “Fiscal 2026 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r22 · c16 · span 4259404–4259410
11Section 03, Daniel Danker RSUDEF 14A2026-04-230001193125-26-173673Section “Fiscal 2026 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r29 · c16 · span 4312648–4312654
12Section 03, John Rainey PSUDEF 14A2026-04-230001193125-26-173673Section “Fiscal 2026 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t204 · r5 · c4 · span 4036078–4036087
13Section 03, John Furner RSUDEF 14A2026-04-230001193125-26-173673Section “Fiscal 2026 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r12 · c16 · span 4183501–4183507
14Section 03, Daniel Danker RSUDEF 14A2026-04-230001193125-26-173673Section “Fiscal 2026 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r27 · c16 · span 4297427–4297434
15Section 03, John Rainey RSUDEF 14A2026-04-230001193125-26-173673Section “Fiscal 2026 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r17 · c18 · span 4222213–4222222
16Section 03, Daniel Danker PSUDEF 14A2026-04-230001193125-26-173673Section “Fiscal 2026 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r28 · c12 · span 4303550–4303556
17Section 03, Doug McMillon PSUDEF 14A2026-04-230001193125-26-173673Section “Fiscal 2026 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t207 · r6 · c12 · span 4136448–4136455
18Section 07, pay ratioDEF 14A2026-04-230001193125-26-173673Section “CEO Pay Ratio”. As printed: 958 : 1. Filing ↗machine: span 4741165–4741170
19Section 08, Gregory B. PennerDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 563,539. Filing ↗machine: t117 · r12 · c15 · span 2671019–2671026
20Section 08, Randall L. StephensonDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 386,852. Filing ↗machine: t117 · r13 · c15 · span 2677483–2677729
21Section 08, Tim FlynnDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 372,415. Filing ↗machine: t117 · r4 · c15 · span 2617282–2617528
22Section 08, Thomas W. HortonDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 368,796. Filing ↗machine: t117 · r7 · c15 · span 2637573–2637580
23Section 08, Sarah J. FriarDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 361,439. Filing ↗machine: t117 · r5 · c15 · span 2623971–2624217
24Section 08, Steuart L. WaltonDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 361,439. Filing ↗machine: t117 · r14 · c15 · span 2684735–2684981
25Section 08, Carla A. HarrisDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 361,439. Filing ↗machine: t117 · r6 · c15 · span 2630661–2630907
26Section 08, Robert E. Moritz JrDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 339,604. Filing ↗machine: t117 · r10 · c15 · span 2657640–2657647
27Section 08, Brian NiccolDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 338,761. Filing ↗machine: t117 · r11 · c15 · span 2664102–2664348
28Section 08, Cesar CondeDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 338,581. Filing ↗machine: t117 · r3 · c15 · span 2610599–2610845
29Section 08, Marissa A. MayerDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 338,581. Filing ↗machine: t117 · r8 · c15 · span 2644036–2644282
30Section 08, Shishir MehrotraDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 93,283. Filing ↗
31Section 08, Doug McMillonDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 0. Filing ↗
32Section 08, John R. FurnerDEF 14A2026-04-230001193125-26-173673Section “Director Compensation”. As printed: 0. Filing ↗machine: t117 · r12 · c11 · span 2669294–2669295
33Section 02, Doug McMillon 2026-04-23Form 42026-04-240001335782-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Seth Dallaire 2026-05-05Form 42026-05-070002058309-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Latriece Watkins 2026-05-05Form 42026-05-070001886367-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, David W. Guggina 2026-05-05Form 42026-05-070002110304-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Dwayne M. Milum 2026-05-05Form 42026-05-070002110643-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Daniel J. Bartlett 2026-05-15Form 42026-05-180001579299-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Christopher James Nicholas 2026-05-19Form 42026-05-210001992808-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Christopher James Nicholas 2026-05-21Form 42026-05-220001992808-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, John R. Furner 2026-05-21Form 42026-05-220001696737-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, John R. Furner 2026-05-21Form 42026-05-220001696737-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Walton Family Holdings Trust 2026-05-22Form 42026-05-260000104169-26-000096Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Walton Family Holdings Trust 2026-05-22Form 42026-05-260000104169-26-000096Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Walton Family Holdings Trust 2026-05-22Form 42026-05-260000104169-26-000096Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Walton Family Holdings Trust 2026-05-26Form 42026-05-260000104169-26-000096Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Walton Family Holdings Trust 2026-05-26Form 42026-05-260000104169-26-000096Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Walton Family Holdings Trust 2026-05-26Form 42026-05-260000104169-26-000096Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Walton Family Holdings Trust 2026-05-26Form 42026-05-260000104169-26-000096Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Walton Family Holdings Trust 2026-05-27Form 42026-05-290000104169-26-000105Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Latriece Watkins 2026-05-28Form 42026-05-290001886367-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Walton Family Holdings Trust 2026-05-28Form 42026-05-290000104169-26-000105Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Doug McMillon 2026-05-28Form 42026-05-290001335782-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Daniel J. Bartlett 2026-05-29Form 42026-05-290001579299-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, David W. Guggina 2026-06-02Form 42026-06-040002110304-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Latriece Watkins 2026-06-02Form 42026-06-040001886367-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Seth Dallaire 2026-06-02Form 42026-06-040002058309-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Dwayne M. Milum 2026-06-02Form 42026-06-040002110643-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Walton Family Holdings Trust 2026-06-02Form 42026-06-040000104169-26-000107Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Walton Family Holdings Trust 2026-06-02Form 42026-06-040000104169-26-000107Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Marissa A. Mayer 2026-06-04Form 42026-06-080001550608-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Cesar Conde 2026-06-04Form 42026-06-080001616172-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Steuart L. Walton 2026-06-04Form 42026-06-080000104169-26-000114Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Shishir Mehrotra 2026-06-04Form 42026-06-080000104169-26-000115Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Robert E. Moritz Jr 2026-06-04Form 42026-06-080002033834-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Thomas W. Horton 2026-06-04Form 42026-06-080001175928-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Gregory B. Penner 2026-06-04Form 42026-06-080000104169-26-000113Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Carla A. Harris 2026-06-04Form 42026-06-080001707351-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Randall L. Stephenson 2026-06-04Form 42026-06-080001183428-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Sarah J. Friar 2026-06-04Form 42026-06-080001570658-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, David W. Guggina 2026-06-10Form 42026-06-120002110304-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Daniel J. Bartlett 2026-06-15Form 42026-06-170001579299-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Latriece Watkins 2026-06-16Form 42026-06-170001886367-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Walton Family Holdings Trust 2026-06-16Form 42026-06-180000104169-26-000117Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Walton Family Holdings Trust 2026-06-16Form 42026-06-180000104169-26-000117Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Walton Family Holdings Trust 2026-06-16Form 42026-06-180000104169-26-000117Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Walton Family Holdings Trust 2026-06-16Form 42026-06-180000104169-26-000117Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Christopher James Nicholas 2026-06-18Form 42026-06-220001992808-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Walton Family Holdings Trust 2026-06-23Form 42026-06-250000104169-26-000121Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Walton Family Holdings Trust 2026-06-24Form 42026-06-250000104169-26-000121Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Steuart L. Walton 2026-06-30Form 42026-07-020000104169-26-000126Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Gregory B. Penner 2026-06-30Form 42026-07-020000104169-26-000127Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Carla A. Harris 2026-06-30Form 42026-07-020001707351-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Robert E. Moritz Jr 2026-06-30Form 42026-07-020002033834-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Shishir Mehrotra 2026-06-30Form 42026-07-020000104169-26-000125Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Randall L. Stephenson 2026-06-30Form 42026-07-020001183428-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Sarah J. Friar 2026-06-30Form 42026-07-020001570658-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Cesar Conde 2026-06-30Form 42026-07-020001616172-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Marissa A. Mayer 2026-06-30Form 42026-07-020001550608-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Daniel J. Bartlett 2026-07-01Form 42026-07-020001579299-26-000021Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Seth Dallaire 2026-07-14Form 42026-07-160002058309-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, Dwayne M. Milum 2026-07-14Form 42026-07-160002110643-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, David W. Guggina 2026-07-14Form 42026-07-160002110304-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
94Section 02, Latriece Watkins 2026-07-14Form 42026-07-160001886367-26-000021Insider equity transaction reported since the proxy statement. Filing ↗
95Section 02, Christopher James Nicholas 2026-07-16Form 42026-07-170001992808-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
96Section 02, Christopher James Nicholas 2026-07-16Form 42026-07-170001992808-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
97Section 02, Daniel J. Bartlett 2026-08-03Form 42026-08-040001579299-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
98Section 02, Latriece Watkins 2026-08-11Form 42026-08-130001886367-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
99Section 02, Dwayne M. Milum 2026-08-11Form 42026-08-130002110643-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
100Section 02, Seth Dallaire 2026-08-11Form 42026-08-130002058309-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
101Section 02, David W. Guggina 2026-08-11Form 42026-08-130002110304-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
102Section 02, Christopher James Nicholas 2026-08-20Form 42026-08-210001992808-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
103Section 02, Daniel Danker 2026-08-25Form 42026-08-270000104169-26-000146Insider equity transaction reported since the proxy statement. Filing ↗
104Section 02, Daniel Danker 2026-08-26Form 42026-08-270000104169-26-000146Insider equity transaction reported since the proxy statement. Filing ↗
105Section 02, Daniel J. Bartlett 2026-09-01Form 42026-09-020001579299-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
106Section 02, David W. Guggina 2026-09-08Form 42026-09-090002110304-26-000021Insider equity transaction reported since the proxy statement. Filing ↗
107Section 02, Dwayne M. Milum 2026-09-08Form 42026-09-090002110643-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
108Section 02, Seth Dallaire 2026-09-08Form 42026-09-090002058309-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
109Section 02, Latriece Watkins 2026-09-08Form 42026-09-090001886367-26-000025Insider equity transaction reported since the proxy statement. Filing ↗
110Section 02, John R. Furner 2026-09-17Form 42026-09-180001696737-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
111Section 02, John R. Furner 2026-09-17Form 42026-09-180001696737-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
112Section 02, Christopher James Nicholas 2026-09-17Form 42026-09-180001992808-26-000027Insider equity transaction reported since the proxy statement. Filing ↗
113Section 02, Christopher James Nicholas 2026-09-17Form 42026-09-180001992808-26-000027Insider equity transaction reported since the proxy statement. Filing ↗
114Section 02, Steuart L. Walton 2026-09-30Form 42026-10-020000104169-26-000160Insider equity transaction reported since the proxy statement. Filing ↗
115Section 02, Carla A. Harris 2026-09-30Form 42026-10-020001707351-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
116Section 02, Shishir Mehrotra 2026-09-30Form 42026-10-020000104169-26-000159Insider equity transaction reported since the proxy statement. Filing ↗
117Section 02, Randall L. Stephenson 2026-09-30Form 42026-10-020001183428-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
118Section 02, Sarah J. Friar 2026-09-30Form 42026-10-020001570658-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
119Section 02, Cesar Conde 2026-09-30Form 42026-10-020001616172-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
120Section 02, Marissa A. Mayer 2026-09-30Form 42026-10-020001550608-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
121Section 02, Robert E. Moritz Jr 2026-09-30Form 42026-10-020002033834-26-000021Insider equity transaction reported since the proxy statement. Filing ↗
122Section 02, Gregory B. Penner 2026-09-30Form 42026-10-020000104169-26-000161Insider equity transaction reported since the proxy statement. Filing ↗
123Section 02, Daniel J. Bartlett 2026-10-01Form 42026-10-020001579299-26-000026Insider equity transaction reported since the proxy statement. Filing ↗
124Section 02, Dwayne M. Milum 2026-10-06Form 42026-10-080002110643-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
125Section 02, David W. Guggina 2026-10-06Form 42026-10-080002110304-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
126Section 02, Seth Dallaire 2026-10-06Form 42026-10-080002058309-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
127Section 02, Latriece Watkins 2026-10-06Form 42026-10-080001886367-26-000027Insider equity transaction reported since the proxy statement. Filing ↗
128Section 02, Latriece Watkins 2026-10-14Form 42026-10-160001886367-26-000029Insider equity transaction reported since the proxy statement. Filing ↗
129Section 02, John R. Furner 2026-10-15Form 42026-10-160001696737-26-000021Insider equity transaction reported since the proxy statement. Filing ↗
130Section 02, John R. Furner 2026-10-15Form 42026-10-160001696737-26-000021Insider equity transaction reported since the proxy statement. Filing ↗
131Section 02, Christopher James Nicholas 2026-10-15Form 42026-10-160001992808-26-000029Insider equity transaction reported since the proxy statement. Filing ↗
132Section 02, Christopher James Nicholas 2026-10-15Form 42026-10-160001992808-26-000029Insider equity transaction reported since the proxy statement. Filing ↗
133Section 06, 2026 voteForm 8-K2026-06-050000104169-26-000111Item 5.07 · say-on-pay result. As reported: 95.9% (votes for as printed: 6,263,129,484). Filing ↗
134Section 06, 2025 voteForm 8-K2025-06-060000104169-25-000092Item 5.07 · say-on-pay result. As reported: 95.05% (votes for as printed: 6,338,327,929). Filing ↗
135Section 06, 2024 voteForm 8-K2024-06-070000104169-24-000103Item 5.07 · say-on-pay result. As reported: 92.33% (votes for as printed: 6,186,027,386). Filing ↗
136Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
137Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
138Section 09b board cost (computed)Computed——Cash 1,486,431 + equity 2,735,851 + all other 2,447 = 4,224,729, summed across the director compensation table rows.machine: formula: Σ = 4,224,729
139Microsoft Corporation, Section 10b CEO totalDEF 14A2025-10-210001193125-25-245150CEO total compensation as printed in Microsoft Corporation's own proxy. As printed: 96,496,790. Filing ↗machine: r2 · c27 · span 1059364–1059374
140Apple Inc., Section 10b CEO totalDEF 14A2026-01-080001308179-26-000008CEO total compensation as printed in Apple Inc.'s own proxy. As printed: 74,294,811. Filing ↗machine: span 549351–549361
141American Express Company, Section 10b CEO totalDEF 14A2026-03-250001104659-26-034163CEO total compensation as printed in American Express Company's own proxy. As printed: 46,239,805. Filing ↗machine: span 2098186–2098196
142Walt Disney Company, Section 10b CEO totalDEF 14A2026-01-220001744489-26-000013CEO total compensation as printed in Walt Disney Company's own proxy. As printed: 45,842,574. Filing ↗machine: r3 · c27 · span 1324221–1324231
143JPMorgan Chase & Co., Section 10b CEO totalDEF 14A2026-04-060000019617-26-000096CEO total compensation as printed in JPMorgan Chase & Co.'s own proxy. As printed: 40,632,724. Filing ↗machine: span 1754306–1754316
144Nike, Inc., Section 10b CEO totalDEF 14A2026-07-150000320187-26-000089CEO total compensation as printed in Nike, Inc.'s own proxy. As printed: 36,340,876. Filing ↗machine: r2 · c24 · span 647557–647567
145T-Mobile US, Inc., Section 10b CEO totalDEF 14A2026-04-270001193125-26-181884CEO total compensation as printed in T-Mobile US, Inc.'s own proxy. As printed: 35,439,421. Filing ↗machine: r3 · c39 · span 1020453–1020463
146Comcast Corporation, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177138CEO total compensation as printed in Comcast Corporation's own proxy. As printed: 35,148,413. Filing ↗machine: r4 · c25 · span 1522252–1522262
147Verizon Communications Inc., Section 10b CEO totalDEF 14A2026-04-060001308179-26-000210CEO total compensation as printed in Verizon Communications Inc.'s own proxy. As printed: 34,311,016. Filing ↗machine: t26 · r1 · c16 · span 239072–239082
148Walmart Inc. (subject), Section 10b CEO totalDEF 14A2026-04-230001193125-26-173673CEO total compensation as printed in Walmart Inc.'s own proxy. As printed: 29,240,930. Filing ↗machine: r4 · c16 · span 3840466–3840476
149Meta Platforms, Inc., Section 10b CEO totalDEF 14A2026-04-160001628280-26-025532CEO total compensation as printed in Meta Platforms, Inc.'s own proxy. As printed: 25,125,904. Filing ↗machine: r2 · c36 · span 652962–652972
150McKesson Corporation, Section 10b CEO totalDEF 14A2026-06-120000927653-26-000169CEO total compensation as printed in McKesson Corporation's own proxy. As printed: 24,213,044. Filing ↗machine: r2 · c21 · span 1260172–1260182
151PepsiCo, Inc., Section 10b CEO totalDEF 14A2026-03-270001308179-26-000169CEO total compensation as printed in PepsiCo, Inc.'s own proxy. As printed: 23,903,545. Filing ↗machine: r2 · c20 · span 826280–826290
152United Parcel Service, Inc., Section 10b CEO totalDEF 14A2026-03-190001628280-26-019856CEO total compensation as printed in United Parcel Service, Inc.'s own proxy. As printed: 22,878,788. Filing ↗machine: r2 · c27 · span 899122–899132
153CVS Health Corp, Section 10b CEO totalDEF 14A2026-04-030001308179-26-000201CEO total compensation as printed in CVS Health Corp's own proxy. As printed: 21,214,084. Filing ↗machine: r1 · c18 · span 969864–969874
154McDonalds Corporation, Section 10b CEO totalDEF 14A2026-04-070001193125-26-145548CEO total compensation as printed in McDonalds Corporation's own proxy. As printed: 20,574,525. Filing ↗machine: r4 · c25 · span 2683025–2683035
155The Procter & Gamble Co., Section 10b CEO totalDEF 14A2026-08-280001193125-26-372211CEO total compensation as printed in The Procter & Gamble Co.'s own proxy. As printed: 18,976,742. Filing ↗
156Albertsons Companies Inc., Section 10b CEO totalDEF 14A2026-06-220001140361-26-025819CEO total compensation as printed in Albertsons Companies Inc.'s own proxy. As printed: 16,767,866. Filing ↗machine: r2 · c22 · span 1259532–1259542
157The Home Depot Inc., Section 10b CEO totalDEF 14A2026-04-070000354950-26-000090CEO total compensation as printed in The Home Depot Inc.'s own proxy. As printed: 16,191,127. Filing ↗machine: t169 · r4 · c15 · span 1200990–1201000
158The Kroger Co., Section 10b CEO totalDEF 14A2026-05-130001104659-26-060250CEO total compensation as printed in The Kroger Co.'s own proxy. As printed: 14,037,608. Filing ↗machine: t229 · r1 · c9 · span 692555–692565
159Costco Wholesale Corporation, Section 10b CEO totalDEF 14A2025-12-040000909832-25-000159CEO total compensation as printed in Costco Wholesale Corporation's own proxy. As printed: 13,932,597. Filing ↗machine: r2 · c48 · span 281465–281475
160Walgreens Boots Alliance, Inc., Section 10b CEO totalDEF 14A2024-12-130001558370-24-016214CEO total compensation as printed in Walgreens Boots Alliance, Inc.'s own proxy. As printed: 13,282,800. Filing ↗machine: r11 · c18 · span 2265448–2265458
161Alphabet Inc., Section 10b CEO totalDEF 14A2026-04-240001308179-26-000342CEO total compensation as printed in Alphabet Inc.'s own proxy. As printed: 10,906,079. Filing ↗machine: span 994293–994303
162Target Corporation, Section 10b CEO totalDEF 14A2026-04-270001628280-26-027508CEO total compensation as printed in Target Corporation's own proxy. As printed: 9,598,071. Filing ↗machine: r7 · c8 · span 2799507–2799517
163Amazon.com, Inc., Section 10b CEO totalDEF 14A2026-04-090001104659-26-041026CEO total compensation as printed in Amazon.com, Inc.'s own proxy. As printed: 2,069,861. Filing ↗machine: span 1010745–1010754
164Section 10a, The Home Depot Inc. reciprocityDEF 14A—0000354950-26-000090The Home Depot Inc. names Walmart Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
165Section 10a, JPMorgan Chase & Co. reciprocityDEF 14A—0000019617-26-000096JPMorgan Chase & Co.'s most recent proxy was read; its disclosed peer group does not include Walmart Inc.. Filing ↗
166Section 10a, McKesson Corporation reciprocityDEF 14A—0000927653-26-000169McKesson Corporation's most recent proxy was read; its disclosed peer group does not include Walmart Inc.. Filing ↗
167Section 10a, Meta Platforms, Inc. reciprocityDEF 14A—0001628280-26-025532Meta Platforms, Inc.'s most recent proxy was read; its disclosed peer group does not include Walmart Inc.. Filing ↗
168Section 10a, Microsoft Corporation reciprocityDEF 14A—0001193125-25-245150Microsoft Corporation's most recent proxy was read; its disclosed peer group does not include Walmart Inc.. Filing ↗
169Section 10a, Nike, Inc. reciprocityDEF 14A—0000320187-26-000089Nike, Inc. names Walmart Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
170Section 10a, T-Mobile US, Inc. reciprocityDEF 14A—0001193125-26-181884T-Mobile US, Inc.'s most recent proxy was read; its disclosed peer group does not include Walmart Inc.. Filing ↗
171Section 10a, Verizon Communications Inc. reciprocityDEF 14A—0001308179-26-000210Verizon Communications Inc. names Walmart Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
172Section 10a, Walt Disney Company reciprocityDEF 14A—0001744489-26-000013Walt Disney Company's most recent proxy was read; its disclosed peer group does not include Walmart Inc.. Filing ↗
173Section 10a, Alphabet Inc. reciprocityDEF 14A—0001308179-26-000342Alphabet Inc.'s most recent proxy was read; its disclosed peer group does not include Walmart Inc.. Filing ↗
174Section 10a, Amazon.com, Inc. reciprocityDEF 14A—0001104659-26-041026Amazon.com, Inc. names Walmart Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
175Section 10a, Apple Inc. reciprocityDEF 14A—0001308179-26-000008Apple Inc.'s most recent proxy was read; its disclosed peer group does not include Walmart Inc.. Filing ↗
176Section 10a, Comcast Corporation reciprocityDEF 14A—0001193125-26-177138Comcast Corporation's most recent proxy was read; its disclosed peer group does not include Walmart Inc.. Filing ↗
177Section 10a, Costco Wholesale Corporation reciprocityDEF 14A—0000909832-25-000159Costco Wholesale Corporation names Walmart Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
178Section 10a, Walgreens Boots Alliance, Inc. reciprocityDEF 14A—0001558370-24-016214Walgreens Boots Alliance, Inc.'s most recent proxy was read; its disclosed peer group does not include Walmart Inc.. Filing ↗
179Section 10a, American Express Company reciprocityDEF 14A—0001104659-26-034163American Express Company's most recent proxy was read; its disclosed peer group does not include Walmart Inc.. Filing ↗
180Section 10a, The Procter & Gamble Co. reciprocityDEF 14A—0001193125-26-372211The Procter & Gamble Co. names Walmart Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
181Section 10a, United Parcel Service, Inc. reciprocityDEF 14A—0001628280-26-019856United Parcel Service, Inc. names Walmart Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
182Section 10a, Albertsons Companies Inc. reciprocityDEF 14A—0001140361-26-025819Albertsons Companies Inc. names Walmart Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
183Section 10a, Target Corporation reciprocityDEF 14A—0001628280-26-027508Target Corporation names Walmart Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗

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