Three Walmart Executives Sell Millions in Company Stock in the New Year

Walmart Inc. (NYSE: WMT) announced on February 3 that Executive Vice President and Chief People Officer Donna Morris sold approximately 70,000 shares of company stock at about $123.79 per share under a pre-established Rule 10b5-1 trading plan, generating roughly $9.43 million in cash (approximately KRW 12 billion). After the sale, she still holds over 400,000 shares directly and indirectly through a family trust.

Earlier, on January 15, Vice Presidents John R. Furner and Daniel J. Bartlett sold Walmart shares valued at about $1.57 million and several hundred thousand dollars, respectively, also under their own 10b5-1 plans. Both executives continue to maintain substantial residual holdings through 401(k) accounts, trusts, and direct ownership. All three transactions were executed during open trading windows in accordance with plans previously disclosed in a Form 8-K filing.

On the same day, Walmart’s market capitalization surpassed $1 trillion (approximately KRW 1,300 trillion), making it the first retailer to join the so-called “trillion-dollar club.” Investor optimism has risen since the company’s transfer to Nasdaq and the inauguration of new CEO John Furner, who has signaled a readiness to reshape the business. Walmart is scheduled to release its fiscal 2026 fourth-quarter results and host a conference call on February 19 at 7:00 a.m. Central Time, with earnings and guidance published ahead of the market open.

Walmart operates over 10,000 stores and e-commerce platforms in 19 countries, attracting around 250 million weekly shoppers, making it the world’s largest brick-and-mortar retailer. For fiscal 2024, the company posted revenues of $648 billion (around KRW 850 trillion). Donna Morris and Daniel J. Bartlett serve as key vice presidents overseeing global HR and external & policy communications, respectively, while John R. Furner—who previously led Walmart U.S.—has been appointed group CEO. This recent SEC filing underscores the planned equity sales by top executives responsible for HR, communications, and core business operations.