Form 4: Lachlan Murdoch Reports Changes in Fox Corp Beneficial Ownership

Lachlan Murdoch, Executive Chair and CEO of Fox Corporation, reports transactions involving Class A Common Stock and derivative securities.

Summary

• Lachlan Murdoch, the Executive Chair and CEO of Fox Corporation, filed a Form 4 detailing changes in his beneficial ownership of Fox Corp Class A Common Stock.
• On August 15, 2024, Murdoch engaged in multiple transactions involving the acquisition and disposition of Class A Common Stock.
• These transactions included the vesting of restricted stock units and performance stock units, as well as the sale and purchase of shares.
• Specifically, Murdoch sold 119,705 shares at $39.06 and purchased 119,705 shares at $39.06.
• He also sold the reported securities to the LKM Family Trust.
• Following these transactions, Murdoch directly owns 119,857 shares of Class A Common Stock and indirectly owns 1,076,407 shares.
• He also holds derivative securities including restricted stock units and performance stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing transactions, with no inherent positive or negative sentiment. It's a factual report of ownership changes.

Future Outlook

The document outlines future vesting dates for restricted stock units, extending to August 15, 2026.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into the transactions of key executives.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, stock options, and restricted stock units.
• Vesting schedules for restricted stock units are common, typically occurring over a period of several years to incentivize long-term performance.
• The transactions reported are typical for executives holding significant equity in their companies.

Related Party Transactions

• The reporting person sold the reported securities to the LKM Family Trust, which is administered by an independent trustee for the benefit of the reporting person, his immediate family members and certain charitable organizations.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal as it involves an executive's personal financial planning.

Key Dates