Form 4: Fox Corp CFO Steven Tomsic Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Fox Corp's CFO, Steven Tomsic, reports the acquisition of restricted stock units, as indicated in a recent SEC Form 4 filing.
Summary
- Steven Tomsic, CFO of Fox Corporation, filed a Form 4 with the SEC.
- The filing reports the acquisition of restricted stock units representing the equivalent of Class A Common Stock.
- On March 26, 2024, Tomsic acquired 78, 264, and 385 restricted stock units.
- These units are dividend equivalents accrued with respect to restricted stock units.
- The restricted stock units vest in tranches on August 15 of 2022, 2023, 2024, 2025 and 2026.
- Following the reported transactions, Tomsic beneficially owns 9,289, 31,391 and 45,740 restricted stock units respectively.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine disclosure of stock unit acquisitions. The acquisition itself is a mildly positive signal.
Positives
- The acquisition of restricted stock units by a key executive can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The acquisition of restricted stock units by the CFO could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| August 15, 2022 | One-third of the 78 restricted stock units vested. |
| August 15, 2023 | One-third of the 78 and 264 restricted stock units vested. |
| March 26, 2024 | Date of the reported transactions where Tomsic acquired restricted stock units. |
| March 27, 2024 | Date of the Form 4 filing. |
| August 15, 2024 | Remaining of the 78 restricted stock units will vest, and one-third of the 264 and 385 restricted stock units will vest. |
| August 15, 2025 | One-third of the 264 and 385 restricted stock units will vest. |
| August 15, 2026 | Remaining of the 385 restricted stock units will vest. |
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