Form 4: Paul Ryan Reports Acquisition of Fox Corp Deferred Stock Units

Paul Ryan, a director of Fox Corporation, reported the acquisition of deferred stock units representing dividend equivalents.

Summary

• On March 26, 2024, Paul Ryan, a director of Fox Corporation, acquired 269 deferred stock units representing dividend equivalents.
• These units are equivalent to Class A Common Stock.
• The price of the underlying stock at the time of the transaction was $30.58.
• The deferred stock units become payable in stock upon the payout of the underlying deferred stock units, vesting on the earlier of (i) the first trading day of the quarter five years following the grant and (ii) the Reporting Person's end of service as a Director.
• Following the reported transaction, Ryan beneficially owns 32,212 deferred stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing with no inherent positive or negative sentiment.

Future Outlook

The deferred stock units will become payable in stock upon the payout of the underlying deferred stock units, vesting on the earlier of (i) the first trading day of the quarter five years following the grant and (ii) the Reporting Person's end of service as a Director.

Industry Context

This filing is a routine disclosure of a director's acquisition of deferred stock units, a common form of executive compensation.

Stakeholder Impact

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

Key Dates