The Walt Disney Company Reports Executive Employment Agreement Amendment
Summary
On September 27, 2025, The Walt Disney Company amended the employment agreement for Sonia L. Coleman, Senior Executive Vice President and Chief Human Resources Officer (via Ex. 10.1). The amendment extended her employment term to June 30, 2028, and changed her title to Senior Executive Vice President and Chief People Officer. * Annual base salary increased to $1,000,000, effective September 27, 2025. * Target annual bonus opportunity increased to 175% of base salary, commencing fiscal year 2025. * Target long-term equity incentive annual award value increased to 375% of base salary, commencing fiscal year 2026.
Why It Matters
This amendment extends the tenure and significantly increases the compensation package for a key senior executive, signaling the company's commitment to her role and leadership in human resources.
Key Quote
“Pursuant to the Amendment, the term of Ms. Coleman's employment agreement was extended to June 30, 2028, and Ms. Coleman's title was changed to Senior Executive Vice President and Chief People Officer.”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001744489
- Filing Date
- Wednesday, October 1, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive