Walmart Files 8-K Detailing Existing Debt and Common Stock

TL;DR

**Walmart's 8-K is a routine update on its existing debt and stock, indicating no new major events.**

AI Summary

Walmart Inc. filed an 8-K on February 28, 2024, under the 'Other Events' category. The filing references its common stock with a par value of $0.10 per share. It also lists various outstanding debt instruments, including 2.550% Notes due 2026, 1.050% Notes due 2026, 1.500% Notes due 2028, 4.875% Notes due 2029, 5.750% Notes due 2030, 1.800% Notes due 2031, 5.625% Notes due 2034, 5.250% Notes due 2035, and 4.875% Notes due 2039. This appears to be a routine disclosure providing an overview of the company's existing financial instruments as of the report date.

Why It Matters

This filing offers transparency into Walmart's capital structure by listing its outstanding debt and equity instruments as of February 28, 2024. It provides investors with a current snapshot of the company's financial obligations and stock details.

Risk Assessment

Risk Level: low — The filing is a standard 'Other Events' disclosure, merely listing existing financial instruments without indicating any new, material, or adverse events.

Key Numbers

• $0.10 — Par Value (per share of common stock)
• 2.550% — Interest Rate (Notes Due 2026)
• 1.050% — Interest Rate (Notes Due 2026)
• 5.625% — Interest Rate (Notes Due 2034)

Key Players & Entities

• Walmart Inc. (company) — registrant
• $0.10 (dollar_amount) — par value per share of common stock

FAQ

Key Financial Figures

• $0.10 — h registered Common Stock, par value $0.10 per share WMT New York Stock Exchan

Filing Documents

• wmt-20240228.htm (8-K) — 76KB
• 0000104169-24-000039.txt ( ) — 294KB
• wmt-20240228.xsd (EX-101.SCH) — 5KB
• wmt-20240228_def.xml (EX-101.DEF) — 19KB
• wmt-20240228_lab.xml (EX-101.LAB) — 40KB
• wmt-20240228_pre.xml (EX-101.PRE) — 20KB
• wmt-20240228_htm.xml (XML) — 10KB

01. Other Events

Item 8.01. Other Events. On February 28, 2024, Walmart Inc. (the "Company") was informed 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 under the Securities Exchange Act of 1934, as amended (the "Plan"). Rule 10b5-1 permits officers and directors of public companies, who routinely become aware of material nonpublic information and therefore are unable to sell company securities until the information has been made public, to plan in advance for their liquidity or other needs by adopting, at a time when they are not in possession of material non-public information, a written plan providing for securities transactions to occur over specified future periods of time under specified conditions. Once an individual has entered into a Rule 10b5-1 trading plan, the individual has no discretion or control over whether or when transactions in Company securities will occur pursuant to the Plan. Mr. Furner's Plan provides for sales of Company securities as part of his long-term asset diversification, tax, and financial planning strategy and is in accordance with the Company's Insider Trading Policy. Under the terms of the Plan, Mr. Furner will sell 13,125 shares of the Company's common stock on a specified date each month beginning on May 31, 2024, and continuing through February 27, 2025. Accordingly, the maximum number of shares to be sold under the Plan is 131,250. Mr. Furner's existing Rule 10b5-1 plan, which was entered into on March 6, 2023 (the "Old Plan") expires when the last trade under the Old Plan is executed in March 2024. Mr. Furner continues to be subject to the Company's stock ownership guidelines, under which he is required to hold Company stock equal in value to at least five times his base salary. Upon the conclusion of each monthly sale transaction under the Plan, Mr. Furner will continue to satisfy the requirements of the Co

View Full Filing

View this 8-K filing on SEC EDGAR