Disney Employees Exercise Stock Options in Cashless Deal
A SEC filing from Walt Disney Co reveals that on August 14, 2026, an employee exercised their stock options for common stock. The broker assisting with this transaction was Merrill Lynch.
The employee acquired 7238 shares of common stock through a cashless exercise, which is a type of payment arrangement where the brokerage firm pays for the stocks using the client's existing positions in the market.