Form 4: Fox Corp Director Acquires 4,916 Deferred Stock Units

Fox Corporation director Anthony J. Abbott acquired 4,916 deferred stock units, each representing one share of Class A Common Stock, on November 19, 2024.

Summary

• On November 19, 2024, Anthony J. Abbott, a director at Fox Corporation, acquired 4,916 deferred stock units.
• Each deferred stock unit is equivalent to one share of Fox Corporation's Class A Common Stock.
• The deferred stock units will become payable in stock on the earlier of the first trading day of the quarter five years following the grant or the director's end of service.
• The price of the underlying Class A Common Stock at the time of the transaction was $45.76.
• Following this transaction, Mr. Abbott holds a total of 11,433 deferred stock units, including accrued dividend equivalents.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of deferred stock units by a director signals confidence in the company's future performance.
• The vesting schedule of the deferred stock units aligns the director's interests with the long-term success of the company.

Future Outlook

The deferred stock units will vest in the future, either five years after the grant date or upon the director's end of service, aligning the director's interests with the long-term performance of the company.

Industry Context

This transaction is a routine filing related to director compensation and is common in publicly traded companies. It reflects a standard practice of using equity-based compensation to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• The use of deferred stock units as part of director compensation is a common practice among publicly listed companies, including media companies like Paramount Global and Warner Bros. Discovery.
• These companies also use similar vesting schedules, often tied to service duration or specific performance milestones.
• The value of the stock units is consistent with the market price of Fox Corporation's Class A Common Stock at the time of the transaction.

Stakeholder Impact

• The acquisition of deferred stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the long-term performance of the company.

Key Dates

Keywords

Deferred Stock Units, Fox Corporation, Director, Class A Common Stock, Beneficial Ownership, SEC Form 4, Equity Securities