Walmart disclosed that Chris Nicholas, the President and CEO of its Sam's Club U.S. division, has adopted a pre-arranged stock trading plan under SEC Rule 10b5-1. The plan outlines the sale of a specific number of shares over a 12-month period for personal long-term asset diversification, tax, and financial planning purposes.
Key Details
- Executive & Plan: Chris Nicholas, EVP and CEO of Sam's Club U.S., entered into a Rule 10b5-1 stock trading plan on December 24, 2025.
- Trading Schedule: The plan schedules the sale of 2,900 shares of Walmart common stock per month from April 2026 through March 2027, for a maximum total of 34,800 shares.
- Compliance: The company noted that Mr. Nicholas will remain in compliance with Walmart's stock ownership guidelines, which require him to hold company stock valued at a minimum of five times his base salary.