Form 4: Keith Rupert Murdoch Disposes of Fox Corp Class A Common Stock to Cover Tax Obligations
SEC Form 4 Filing
Keith Rupert Murdoch, Chairman Emeritus of Fox Corporation, disposed of Class A Common Stock to satisfy tax withholding obligations upon the vesting of performance stock units.
Summary
- On August 15, 2024, Keith Rupert Murdoch disposed of 17,109 shares of Fox Corporation Class A Common Stock to cover tax obligations.
- This transaction occurred following the vesting of 30,230 performance stock units, each representing one share of Class A Common Stock.
- The sale price for the disposed shares was $39.06 per share.
- After the transaction, Murdoch directly owns 13,121 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock transactions by a company insider, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: Disposal of Class A Common Stock and vesting of Performance Stock Units. |
| 08/16/2024 | Date of signature on the Form 4 filing. |
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