Walmart Management

Management criteria checks 3/4

Walmart's CEO is Doug McMillon, appointed in Feb 2014, has a tenure of 10.75 years. total yearly compensation is $26.97M, comprised of 5.6% salary and 94.4% bonuses, including company stock and options. directly owns 0.056% of the company’s shares, worth $388.78M. The average tenure of the management team and the board of directors is 4.5 years and 7.9 years respectively.

Key information

Doug McMillon

Chief executive officer

US$27.0m

Total compensation

CEO salary percentage	5.6%
CEO tenure	10.8yrs
CEO ownership	0.06%
Management average tenure	4.5yrs
Board average tenure	7.9yrs

Recent management updates

Recent updates

Walmart: E-Commerce And Marketplace Will Determine The Future; Initiate With 'Buy'

Sep 10

Walmart: Simply Too Expensive (Rating Downgrade)

Aug 29

Walmart: Q2 Shows How Company Leverages GenAI To Stay Ahead

Aug 20

Walmart Earnings Preview: E-Commerce And New Biz Ventures Could Be More Lucrative Than Thought

Aug 12

Walmart Q2 Preview: Road To Accelerated Margin Expansion Points To A Shiny Future

Aug 03

We Think Walmart (NYSE:WMT) Can Stay On Top Of Its Debt

Jul 25

Walmart Inc.'s (NYSE:WMT) Share Price Not Quite Adding Up

Jul 12

Walmart: Searching For The Right Multiple Going Forward

Jul 03

Does Walmart (NYSE:WMT) Deserve A Spot On Your Watchlist?

Jun 26

Calculating The Fair Value Of Walmart Inc. (NYSE:WMT)

Jun 13

Walmart Stock: Omnichannel Growth Potential Fully Priced In

Jun 07

Walmart: A Poster Child For Resilience, Limited Upside Potential At Current Levels

May 31

We Think Some Shareholders May Hesitate To Increase Walmart Inc.'s (NYSE:WMT) CEO Compensation

May 30

Walmart And Cisco Earnings Summaries: A New Walmart Could Be At Hand

May 23

Walmart Has More Growth Levers Than I Realized

May 13

Investors Met With Slowing Returns on Capital At Walmart (NYSE:WMT)

May 01

Walmart: Valuation Concerns Belie The Benefits Of The Favorable Operating Environment

Mar 26

Walmart's (NYSE:WMT) Performance Is Even Better Than Its Earnings Suggest

Mar 22

Walmart: Market Leaders Deserve Their Premium Valuations - Maintain Buy

Mar 20

Walmart Inc. Just Recorded A 5.6% EPS Beat: Here's What Analysts Are Forecasting Next

Mar 19

Do Walmart's (NYSE:WMT) Earnings Warrant Your Attention?

Mar 08

CEO Compensation Analysis

How has Doug McMillon's remuneration changed compared to Walmart's earnings?
Date	Total Compensation	Salary	Company Earnings
Oct 31 2024	n/a	n/a	US$20b
Jul 31 2024	n/a	n/a	US$16b
Apr 30 2024	n/a	n/a	US$19b
Jan 31 2024	US$27m	US$2m	US$16b
Oct 31 2023	n/a	n/a	US$16b
Jul 31 2023	n/a	n/a	US$14b
Apr 30 2023	n/a	n/a	US$11b
Jan 31 2023	US$25m	US$1m	US$12b
Oct 31 2022	n/a	n/a	US$9b
Jul 31 2022	n/a	n/a	US$14b
Apr 30 2022	n/a	n/a	US$13b
Jan 31 2022	US$26m	US$1m	US$14b
Oct 31 2021	n/a	n/a	US$8b
Jul 31 2021	n/a	n/a	US$10b
Apr 30 2021	n/a	n/a	US$12b
Jan 31 2021	US$23m	US$1m	US$14b
Oct 31 2020	n/a	n/a	US$20b
Jul 31 2020	n/a	n/a	US$18b
Apr 30 2020	n/a	n/a	US$15b
Jan 31 2020	US$22m	US$1m	US$15b
Oct 31 2019	n/a	n/a	US$14b
Jul 31 2019	n/a	n/a	US$13b
Apr 30 2019	n/a	n/a	US$8b
Jan 31 2019	US$24m	US$1m	US$7b
Oct 31 2018	n/a	n/a	US$5b
Jul 31 2018	n/a	n/a	US$5b
Apr 30 2018	n/a	n/a	US$9b
Jan 31 2018	US$23m	US$1m	US$10b

Compensation vs Market: Doug's total compensation ($USD26.97M) is above average for companies of similar size in the US market ($USD12.73M).

Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.

CEO

Doug McMillon (58 yo)

10.8yrs

Tenure

US$26,968,924

Compensation

Mr. C. Douglas McMillon, also known as Doug, has been the Chief Executive Officer and President of Walmart Inc. (formerly known as Wal-Mart Stores, Inc.) since February 1, 2014. Mr. McMillon served as the...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
C. McMillon	President	10.8yrs	US$26.97m	0.056% $ 388.8m
John Rainey	Executive VP & CFO	2.4yrs	US$13.22m	0.0020% $ 14.1m
Suresh Kumar	Global CTO	5.3yrs	US$14.51m	0.017% $ 120.0m
John Furner	Executive VP	11.8yrs	US$15.62m	0.0047% $ 32.9m
Kathryn McLay	Executive VP	5.8yrs	US$13.70m	0.0094% $ 65.4m
Christopher Nicholas	Executive VP	1.2yrs	US$12.71m	0.0044% $ 30.4m
Stephanie Wissink	Senior Vice President of Investor Relations	2.1yrs	no data	no data
Rachel Brand	Executive VP of Global Governance	6.6yrs	no data	0.0014% $ 9.5m
Matthew Miner	Executive VP and Global Chief Ethics & Compliance Officer	3.3yrs	no data	no data
Allyson Park	Chief Communications Officer	1.2yrs	no data	no data
William White	Senior VP & Chief Marketing Officer	4.5yrs	no data	no data
Michael Guptan	Senior Vice President of Corporate Development	no data	no data	no data

4.5yrs

Average Tenure

50yo

Average Age

Experienced Management: WMT's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
C. McMillon	President	11yrs	US$26.97m	0.056% $ 388.8m
Thomas Horton	Lead Independent Director	10yrs	US$370.39k	0.00069% $ 4.8m
Randall Stephenson	Independent Director	3.7yrs	US$311.84k	0.00087% $ 6.1m
Gregory Penner	Non-Executive Chairman	16.4yrs	US$525.05k	0.021% $ 147.0m
Cesar Conde	Independent Director	5.8yrs	US$300.04k	0.00035% $ 2.4m
Timothy Flynn	Independent Director	12.3yrs	US$330.73k	0.0019% $ 13.0m
Sarah Friar	Independent Director	6.8yrs	US$321.48k	0.00068% $ 4.7m
Marissa Mayer	Independent Director	12.8yrs	US$300.11k	0.0015% $ 10.8m
Carla Harris	Independent Director	7.4yrs	US$320.02k	0.00058% $ 4.0m
Robert Moritz	Director	less than a year	no data	0.000030% $ 208.8k
Brian Niccol	Independent Director	less than a year	no data	0.000070% $ 487.3k
Steuart Walton	Director	8.4yrs	US$320.01k	0.0021% $ 14.6m

7.9yrs

Average Tenure

55yo

Average Age

Experienced Board: WMT's board of directors are considered experienced (7.9 years average tenure).

Walmart Management

Management criteria checks 3/4

Key information

Recent management updates

President recently sold US$2.4m worth of stock

President recently sold US$2.3m worth of stock

President recently sold US$2.2m worth of stock

President recently sold US$2.1m worth of stock

President recently sold US$2.0m worth of stock

Walmart Inc. Approves Board Changes

Recent updates

Third quarter 2025 earnings: EPS exceeds analyst expectations

Price target increased by 7.3% to US$91.78

Walmart Inc. (NYSE:WMT) Not Lagging Market On Growth Or Pricing

Think Twice Before Selling Walmart

We Think Walmart (NYSE:WMT) Can Stay On Top Of Its Debt

President recently sold US$2.4m worth of stock

The Return Trends At Walmart (NYSE:WMT) Look Promising

Walmart: Margin Expansion And Digitalization Support Long-Term Returns

Should You Be Adding Walmart (NYSE:WMT) To Your Watchlist Today?

President recently sold US$2.3m worth of stock

Walmart: E-Commerce And Marketplace Will Determine The Future; Initiate With 'Buy'

Walmart: Simply Too Expensive (Rating Downgrade)

President recently sold US$2.2m worth of stock

Walmart Reportedly Seeks to Raise $3.74 Billion in Sale of JD.com Stake

Walmart: Q2 Shows How Company Leverages GenAI To Stay Ahead

Dividend of US$0.21 announced

Price target increased by 7.0% to US$78.97

Walmart Inc. Revises Earnings Guidance for the Fiscal Year 2025

Walmart Earnings Preview: E-Commerce And New Biz Ventures Could Be More Lucrative Than Thought

Upcoming dividend of US$0.21 per share

Walmart Q2 Preview: Road To Accelerated Margin Expansion Points To A Shiny Future

President recently sold US$2.1m worth of stock

We Think Walmart (NYSE:WMT) Can Stay On Top Of Its Debt

Walmart Inc.'s (NYSE:WMT) Share Price Not Quite Adding Up

Walmart: Searching For The Right Multiple Going Forward

President recently sold US$2.0m worth of stock

Fabric Labs, Inc. acquired Memd, Inc. from Walmart Inc. (NYSE:WMT).

Does Walmart (NYSE:WMT) Deserve A Spot On Your Watchlist?

Calculating The Fair Value Of Walmart Inc. (NYSE:WMT)

New minor risk - Financial position

Walmart Stock: Omnichannel Growth Potential Fully Priced In

Walmart Inc. Approves Board Changes

Walmart: A Poster Child For Resilience, Limited Upside Potential At Current Levels

We Think Some Shareholders May Hesitate To Increase Walmart Inc.'s (NYSE:WMT) CEO Compensation

The Accountability Board Provides Information to Shareholder of Walmart

Independent Director recently sold US$1.9m worth of stock

Walmart And Cisco Earnings Summaries: A New Walmart Could Be At Hand

Price target increased by 7.2% to US$70.10

First quarter 2025 earnings: EPS and revenues exceed analyst expectations

Walmart Has More Growth Levers Than I Realized

Dividend of US$0.21 announced

Investors Met With Slowing Returns on Capital At Walmart (NYSE:WMT)

Walmart Inc. Launches Bettergoods

President recently sold US$1.7m worth of stock

Walmart Inc., Annual General Meeting, Jun 05, 2024

President recently sold US$1.8m worth of stock

Walmart: Valuation Concerns Belie The Benefits Of The Favorable Operating Environment

Walmart's (NYSE:WMT) Performance Is Even Better Than Its Earnings Suggest

Walmart: Market Leaders Deserve Their Premium Valuations - Maintain Buy

Walmart Inc. Just Recorded A 5.6% EPS Beat: Here's What Analysts Are Forecasting Next

Dividend of US$0.21 announced

Walmart Commerce Technologies Launches AI-Powered Logistics Product

Do Walmart's (NYSE:WMT) Earnings Warrant Your Attention?

Upcoming dividend of US$0.21 per share

Executive VP of Global Governance recently sold US$3.0m worth of stock

President recently sold US$1.7m worth of stock

Walmart Inc. to Report Q2, 2025 Results on Aug 15, 2024

Fourth quarter dividend of US$0.21 announced

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age