---
schema_version: "secwatch.filing_event.v1"
accession: "0000104169-21-000068"
form_type: "8-K"
ticker: "WMT"
cik: "0000104169"
company_name: "Walmart Inc."
filed_at: "2021-11-29T23:59:59+00:00"
generated_at: "2026-06-28T05:02:55.059200+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Walmart CFO Brett Biggs to retire by Jan 31, 2023; successor search underway

## Summary
- Biggs will remain CFO until successor named, then transition role until Jan 31, 2023.
- During transition period, Biggs receives $1M annual base salary; no bonus or future equity.
- Post-retirement: $2M payment over two years and accelerated vesting of 6,800 restricted shares.
- Company will consider internal and external candidates; Biggs to continue on FinTech joint venture board.
- Biggs has served as CFO since Dec 2015 and with Walmart for 22 years.

## SEC filing metadata
- accession: 0000104169-21-000068
- form_type: 8-K
- ticker: WMT
- cik: 0000104169
- company_name: Walmart Inc.
- filed_at: 2021-11-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104169/000010416921000068/0000104169-21-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104169/000010416921000068/wmt-20211126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104169-21-000068
- JSON: https://secwatch.observer/filing/0000104169-21-000068.json
- Plain text: https://secwatch.observer/filing/0000104169-21-000068.txt

## Key facts
- Executive change
  M. Brett Biggs departed as Executive Vice President and Chief Financial Officer at Walmart Inc..
  - Action: retire
  - Role: Executive Vice President and Chief Financial Officer
  source text: On November 26, 2021, M. Brett Biggs, age 53, the Company’s Executive Vice President and Chief Financial Officer, notified Walmart Inc. (the “Company”) of his intent to retire as the Company’s Executive Vice President and Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/104169/000010416921000068/0000104169-21-000068-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.