secwatch.observer — SEC 8-K summary
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Issuer:     Walmart Inc. (WMT)
CIK:        0000104169
Form:       8-K
Filed at:   2022-04-12T23:59:59+00:00
Accession:  0000104169-22-000014
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104169/000010416922000014/0000104169-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104169/000010416922000014/wmt-20220407.htm
  HTML page:      https://secwatch.observer/filing/0000104169-22-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer