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

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

Summary

• Chase Carey, a director at Fox Corporation, acquired 4,916 deferred stock units on November 19, 2024.
• Each deferred stock unit is equivalent to one share of Fox Corporation's Class A Common Stock.
• The deferred stock units will be payable in stock on the earlier of the first trading day of the quarter five years after the grant date or when Mr. Carey ends his service as a director.
• The price of the underlying Class A Common Stock at the time of the transaction was $45.76.
• Following this transaction, Mr. Carey holds a total of 31,198 deferred stock units, including accrued dividend equivalents.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of deferred stock units to a director, which is generally viewed positively as it aligns interests. 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 and become payable in stock on the earlier of the first trading day of the quarter five years after the grant date or when Mr. Carey ends his service as a director.

Industry Context

This transaction is a routine disclosure of a director's stock ownership and is common in publicly traded companies. It reflects standard compensation practices for board members.

Comparison to Industry Standards

• Deferred stock unit grants are a common form of compensation for directors in publicly listed companies, aligning their interests with shareholders.
• The vesting schedule of five years or upon end of service is typical for such grants, encouraging long-term commitment.
• Other media companies such as Paramount Global and Warner Bros. Discovery also use similar equity-based compensation for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

Fox Corporation, Deferred Stock Units, Chase Carey, Director, Class A Common Stock, SEC Form 4, Beneficial Ownership