Walmart Announces 3-for-1 Stock Split
30 Janeiro 2024 - 8:05PM
Business Wire
Split aimed at helping associates take advantage of
long-standing stock purchase benefits
Walmart Inc. (NYSE: WMT) announced that it will conduct a split
of its outstanding shares of common stock at a ratio of 3:1. The
stock split is part of Walmart’s ongoing review of optimal trading
and spread levels and its desire for its associates to feel that
purchasing shares is easily within reach. More than 400,000
associates participate in Walmart’s Associate Stock Purchase Plan
today, which allows eligible associates to buy stock conveniently
through payroll deductions and provides a 15% company match on the
first $1,800 each year.
“Sam Walton believed it was important to keep our share price in
a range where purchasing whole shares, rather than fractions, was
accessible to all of our associates,” said Doug McMillon, President
and CEO of Walmart. “Given our growth and our plans for the future,
we felt it was a good time to split the stock and encourage our
associates to participate in the years to come. As Sam said, ‘We’re
all in this together. That’s the secret.’”
For more than 60 years, Walmart has been focused on helping
people save money and live better, including its 2.1 million
associates worldwide. Walmart has focused on creating a path of
opportunity for associates by offering good jobs and great careers,
with continued investments in compensation, attractive healthcare,
financial and educational benefits. As part of the benefits
provided to its associates, Walmart has had an Associate Stock
Purchase Plan for almost 30 years. Today’s stock split is just the
latest action aimed at helping strengthen associates’ financial
health.
The shares to be issued in the stock split will be payable after
market close on Friday, Feb. 23, 2024, for shareholders of record
at the close of business on Thursday, Feb. 22, 2024. Shareholders
will receive a distribution of two additional shares of common
stock for each share held. Walmart's common stock will begin
trading on a post-split basis at the market open on Monday, Feb.
26, 2024, under the company's existing trading symbol “WMT.” The
stock split and final ratio were approved by Walmart's board.
The company expects that the stock split will increase the
number of shares of Walmart’s outstanding common stock from
approximately 2.7 billion shares to approximately 8.1 billion
shares.
As a result of the stock split, proportionate adjustments will
be made to the number of shares of Walmart's common stock
underlying the company's outstanding stock awards and warrants; the
number of shares issuable under the company's equity incentive
plans and other existing agreements, as well as the exercise or
conversion price, as applicable; the company’s common stock
dividend; and the company’s authorized buyback programs. The
company anticipates filing a Form 8-K with the U.S. Securities and
Exchange Commission after the effective date to report an amendment
to the company’s Restated Certificate of Incorporation effecting
the stock split and reflecting a proportionate adjustment to the
total number of authorized shares of company common stock.
About Walmart
Walmart Inc. (NYSE: WMT) is a people-led, tech-powered
omnichannel retailer helping people save money and live better –
anytime and anywhere – in stores, online, and through their mobile
devices. Each week, approximately 240 million customers and members
visit approximately 10,500 stores and numerous eCommerce websites
in 19 countries. With fiscal year 2023 revenue of $611 billion,
Walmart employs approximately 2.1 million associates worldwide.
Walmart continues to be a leader in sustainability, corporate
philanthropy, and employment opportunity. Additional information
about Walmart can be found by visiting
https://corporate.walmart.com, on Facebook at
https://facebook.com/walmart, on X (formerly known as Twitter) at
https://twitter.com/walmart, and on LinkedIn at
https://www.linkedin.com/company/walmart/.
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version on businesswire.com: https://www.businesswire.com/news/home/20240130197053/en/
Jami.Lamontagne@walmart.com
Walmart (NYSE:WMT)
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