Walmart Inc. (NYSE: WMT) announced a 3-for-1 stock split effective after market close on Friday, Feb. 23, 2024, with trading resuming under the new structure on Monday, Feb. 26, 2024. The move aims to lower the share price to make purchasing whole shares more accessible for associates and aligns with the company's long-standing philosophy of keeping equity ownership within reach of its workforce. The split will increase Walmart's outstanding common stock from approximately 2.7 billion shares to roughly 8.1 billion shares. CEO Doug McMillon cited founder Sam Walton's belief in accessible share prices as a key driver, noting that over 400,000 associates currently participate in the Associate Stock Purchase Plan, which includes a 15% company match. Proportionate adjustments will be made to outstanding stock awards, warrants, dividends, and authorized buyback programs following the split. The company plans to file an Form 8-K with the SEC after the effective date to report amendments to its Restated Certificate of Incorporation reflecting the change in authorized shares.