Form 4: Fox Corp CFO Steven Tomsic Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Fox Corp's Chief Financial Officer, Steven Tomsic, reported the acquisition of restricted stock units in a recent SEC filing.
Summary
- Steven Tomsic, the Chief Financial Officer of Fox Corporation, filed a Form 4 with the SEC.
- The filing reports the acquisition of restricted stock units (RSUs) that are convertible to Class A Common Stock.
- On March 26, 2025, Mr. Tomsic acquired 77, 150, and 216 restricted stock units.
- These RSUs represent dividend equivalents accrued with respect to restricted stock units.
- The RSUs vest in three tranches, typically annually on August 15th of each year, starting in 2023 and extending to 2027 depending on the specific grant.
- Following these transactions, Mr. Tomsic beneficially owns 15,875, 30,841 and 44,513 restricted stock units from the specific grants.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The acquisition of restricted stock units by the CFO could 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. This filing indicates activity related to executive compensation.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units to align management's interests with those of shareholders.
- The vesting schedules described are fairly standard for RSU grants.
Stakeholder Impact
- The acquisition of restricted stock units by the CFO aligns his interests with those of shareholders, potentially incentivizing him to improve company performance.
Key Dates
| Date | Description |
|---|---|
| 08/15/2023 | One-third of the initial restricted stock units vested. |
| 08/15/2024 | One-third of the first and second grants of restricted stock units vested. |
| 03/26/2025 | Date of the reported transaction where Steven Tomsic acquired restricted stock units. |
| 03/27/2025 | Date of the SEC filing. |
| 08/15/2025 | Vesting date for the remaining one-third of the initial grant, one-third of the second grant, and one-third of the third grant of restricted stock units. |
| 08/15/2026 | Vesting date for one-third of the second and third grants of restricted stock units. |
| 08/15/2027 | Vesting date for the final one-third of the third grant of restricted stock units. |
Keywords
Form 4, SEC Filing, Restricted Stock Units, Steven Tomsic, Fox Corporation, CFO, FOX, Class A Common Stock
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