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Walmart Inc. 8-K/A Report, Executive Changes (Jan 16, 2026)

Reports
Leadership Changes
Filing Date
Filed January 16, 2026
Period End
November 13, 2025
Security
WMT
In the record · 2016–202610-K1110-Q328-K158

WMT filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 158 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’18May ’18
  2. Leadership change8-K · Apr ’22Apr ’22
  3. Leadership change8-K · Aug ’24Aug ’24

01—Abstract

Summary

Summary of the 8-K/A filed January 16, 2026. Cited figures are marked; the original filing is the authoritative source.

This 8-K/A filing from Walmart Inc. serves as an amendment to a previous filing, providing crucial details on the compensation package for John Furner, who is set to assume the role of President and Chief Executive Officer (CEO) effective February 1, 2026.

Investors should note the significant adjustments to his base salary, annual incentive opportunity, and substantial equity awards, reflecting the increased responsibilities of the CEO position. The amended filing details a new annualized base salary of $1,500,000a. Furthermore, Mr. Furner's incentive plan for fiscal year 2027 includes a target annual cash incentive of 240% of his base salary, with the potential to reach 300%.

A significant portion of his compensation will be in equity, with an annual award valued at approximately $17,000,000,b comprising performance-based restricted stock units (85%) and restricted stock (15%). Additionally, a one-time performance-based equity award of roughly $10,000,000 is structured with a two-year vesting schedule.

02—Key points

Key Highlights

  1. Amendment to a previous 8-K filing provides John Furner's compensation details for his new CEO role.
  2. John Furner's appointment as President and CEO is effective February 1, 2026.
  3. Annualized base salary for Mr. Furner will be $1,500,000.
  4. Target annual cash incentive opportunity for fiscal 2027 is 240% of base salary, with a maximum payout of 300%.
  5. Annual equity award for fiscal 2027 is valued at approximately $17,000,000, primarily in performance-based restricted stock units.
  6. A one-time performance-based restricted stock unit award of approximately $10,000,000 is granted, with a two-year vesting schedule.

03—Questions

Frequently Asked Questions

  1. What is the primary purpose of this 8-K/A filing?

    This filing is an amendment to a previous 8-K. Its main purpose is to disclose the detailed compensation package for John Furner in his new role as President and Chief Executive Officer of Walmart Inc., which was previously announced but lacked compensation specifics.

  2. When does John Furner's new role as CEO officially begin, and what is his base salary?

    Mr. Furner's appointment as President and CEO is effective February 1, 2026. His annualized base salary will be $1,500,000.

  3. What is the structure and potential payout of John Furner's annual cash incentive for fiscal year 2027?

    For fiscal year 2027, Mr. Furner has a target annual cash incentive opportunity of 240% of his base salary. The maximum possible payout under this plan is 300% of his base salary.

  4. How is John Furner's equity compensation structured for fiscal year 2027?

    For fiscal year 2027, Mr. Furner is eligible for an annual equity award valued at approximately $17,000,000. This award is composed of 85% performance-based restricted stock units and 15% restricted stock. Additionally, he receives a one-time award of performance-based restricted stock units valued at approximately $10,000,000, with vesting over two years.

04—Continue

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