Walmart appoints John Rainey as CFO, effective June 6, 2022

Walmart Inc.

Rainey joins from PayPal (CFO, EVP Global Customer Operations) and previously CFO at United Airlines.
Compensation includes $1M base salary, 150% target cash incentive, PSUs ($7.5M target) and RSUs ($1.5M).
Sign-on bonus of $5M payable after six months; initial sign-on grant of $15M restricted stock vesting over 1-2 years.
Outgoing CFO Brett Biggs remains until June 6, then serves as advisor through Jan. 31, 2023.

item 5.02 item 9.01

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Appointed

John David Rainey

Executive Vice President and Chief Financial Officer

WMT · Walmart Inc.

Effective: 2022-06-06
Filed: April 12, 2022, 7:59 PM ET

On April 7, 2022, John David Rainey, age 51, was appointed Executive Vice President and Chief Financial Officer of Walmart Inc. (the “Company”), effective June 6, 2022.

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Executive change SEC 8-K Item 5.02 confidence 0.95

John David Rainey was appointed as Executive Vice President and Chief Financial Officer at Walmart Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On April 7, 2022, John David Rainey, age 51, was appointed Executive Vice President and Chief Financial Officer of Walmart Inc. (the “Company”), effective June 6, 2022.

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Source: SEC EDGAR

accession 0000104169-22-000014

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