Walmart Executives Plan Stock Sell-Off, Cashing Out Millions

Walmart Inc. (NYSE: WMT) disclosed in an SEC filing on January 15 that Executive Vice Presidents John R. Furner and Daniel J. Bartlett sold company stock under prearranged Rule 10b5-1 trading plans. Furner sold approximately 13,125 shares at about $120 per share, generating roughly $1.57 million in proceeds. Bartlett sold a portion of his holdings for about $166,000. Both executives still retain significant ownership through their 401(k) plans, trusts and direct shareholdings.

Earlier, on January 8, outside director Sishir Mehrotra received 825 shares in annual equity compensation upon joining the board—worth roughly $93,000—bringing his total direct holdings to 1,073 shares.

On January 16, Walmart announced a leadership reshuffle centered on e-commerce and artificial intelligence, naming John Furner as CEO effective February 1 and replacing heads of its U.S. division, Sam’s Club and the international unit. After moving its listing from the New York Stock Exchange to Nasdaq, Walmart is accelerating its omnichannel strategy through inclusion in the Nasdaq 100, expanded drone delivery and the development of high-speed electric vehicle charging infrastructure.

As the world’s largest retailer—operating supercenters and warehouse clubs in the U.S., Mexico and beyond—Walmart is regarded as a bellwether for U.S. consumer spending, with annual revenues exceeding $670 billion. John Furner, who has led Walmart’s U.S. business, is viewed as a key architect of the company’s digital transformation, driving growth in e-commerce, supply-chain automation and AI adoption.