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An announcement from Walt Disney (DIS) is now available.
The Walt Disney Company’s shareholders have given the green light to expand the 2011 Stock Incentive Plan during their 2024 Annual Meeting. The plan’s revision will allow for an additional 115 million shares to be issued, raising the total authorized shares to 294 million. This strategic move, detailed in the company’s recent proxy statement, is set to incentivize and reward employees, aligning their interests with those of the shareholders and fueling Disney’s continued growth.
Learn more about DIS stock on TipRanks’ Stock Analysis page.