01—Abstract
Summary
Summary of the 8-K/A filed January 30, 2026. Cited figures are marked; the original filing is the authoritative source.
This amendment to Walmart's prior 8-K filing provides details on the separation agreement for Kathryn McLay, Executive Vice President and CEO of Walmart International.
The agreement outlines the financial and equity terms of her departure, which is effective April 30, 2026. Investors should note the total separation payment and the accelerated vesting of a portion of her restricted stock. Key aspects of the agreement include a cash payment of $2.82 milliona over two years and the acceleration of 24,051 restricted shares.
Importantly, Ms. McLay will forfeit all other unvested equity awards. The agreement also includes a two-year non-compete clause and a six-month non-solicitation clause for employees, which are standard for executive departures and aim to protect Walmart's business interests.
02—Key points
Key Highlights
- Kathryn McLay, EVP and CEO of Walmart International, will separate from the company effective April 30, 2026.
- A separation agreement has been finalized between Ms. McLay and Walmart.
- Ms. McLay will receive a total of $2,820,000 in payments over a two-year period post-separation.
- 24,051 restricted shares of Walmart common stock held by Ms. McLay will have their vesting accelerated.
- All other unvested equity awards held by Ms. McLay will be forfeited.
- The agreement includes a two-year non-compete restriction for Ms. McLay.
- A six-month non-solicitation period for Walmart associates is also part of the agreement.
03—Questions
Frequently Asked Questions
What is the total financial compensation Kathryn McLay will receive upon her departure?
Kathryn McLay will receive a total of $2,820,000 in payments, to be disbursed over a two-year period following her separation date of April 30, 2026.
How will Ms. McLay's equity awards be handled?
The vesting of 24,051 restricted shares of Walmart's common stock held by Ms. McLay as of her separation date will be accelerated. However, she will forfeit all other unvested equity awards.
Are there any restrictions on Ms. McLay's future activities after leaving Walmart?
Yes, the separation agreement includes a two-year prohibition on Ms. McLay competing with Walmart and a six-month restriction on soliciting certain Walmart associates for employment after her separation date.
When was the initial announcement of Ms. McLay's departure made?
The initial announcement of Ms. McLay's departure was made on January 15, 2026, and reported in a Form 8-K filed on January 16, 2026. This current filing (8-K/A) is an amendment to provide further details on the separation agreement.
04—Continue