---
schema_version: "secwatch.filing_event.v1"
accession: "0000104169-22-000014"
form_type: "8-K"
ticker: "WMT"
cik: "0000104169"
company_name: "Walmart Inc."
filed_at: "2022-04-12T23:59:59+00:00"
generated_at: "2026-06-26T07:49:00.819773+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000104169-22-000014
- form_type: 8-K
- ticker: WMT
- cik: 0000104169
- company_name: Walmart Inc.
- filed_at: 2022-04-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/104169/000010416922000014/0000104169-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/104169/000010416922000014/wmt-20220407.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000104169-22-000014
- JSON: https://secwatch.observer/filing/0000104169-22-000014.json
- Plain text: https://secwatch.observer/filing/0000104169-22-000014.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/104169/000010416922000014/0000104169-22-000014-index.htm

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