Form 4: Fox Corp Executive Adam G. Ciongoli Reports Stock Transactions
SEC Form 4
Adam G. Ciongoli, Chief Legal and Policy Officer of Fox Corporation, reported the vesting of restricted stock units and subsequent transactions involving Class A Common Stock.
Summary
- On August 15, 2024, Adam G. Ciongoli, Chief Legal and Policy Officer of Fox Corporation, reported transactions involving Fox Corp Class A Common Stock.
- These transactions included the vesting of 25,212 restricted stock units, each representing one share of Class A Common Stock.
- Following the vesting, Ciongoli acquired 25,212 shares of Class A Common Stock.
- He also disposed of 12,521 shares to cover tax obligations at a price of $39.06 per share.
- After these transactions, Ciongoli directly owns 29,897 shares of Class A Common Stock and indirectly owns 84 shares through a trust.
- He also indirectly owns 1,915 shares through another trust for the benefit of immediate family members, but disclaims any pecuniary interest therein.
- Ciongoli also holds 50,425 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Future Outlook
The remaining restricted stock units will vest in two tranches on August 15, 2025, and August 15, 2026.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of vesting of restricted stock units and stock transactions. |
| 08/15/2025 | One-third of the restricted stock units will vest. |
| 08/15/2026 | The remainder of the restricted stock units will vest. |
| 08/16/2024 | Date of signature of the report. |
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