Form 4: Keith Rupert Murdoch Reports Acquisition of News Corp Cash-Settled Restricted Stock Units
SEC Form 4 Filing
Keith Rupert Murdoch, Chairman Emeritus of News Corp, reports the acquisition of cash-settled restricted stock units representing dividend equivalents.
Summary
- Keith Rupert Murdoch, Chairman Emeritus of News Corp, filed a Form 4 on October 11, 2024, reporting transactions related to News Corp [NWS].
- The report details the acquisition of cash-settled restricted stock units, which are the economic equivalent of Class A Common Stock.
- On October 9, 2024, Murdoch acquired 41 cash-settled restricted stock units at a price of $25.91, representing dividend equivalents.
- Additionally, Murdoch acquired 108 cash-settled restricted stock units at the same price on the same date, also representing dividend equivalents.
- Following these transactions, Murdoch directly owns 10,886 and 28,104 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transactions are related to dividend equivalents on existing stock units, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 10/09/2024 | Date of transaction: Acquisition of cash-settled restricted stock units. |
| 10/11/2024 | Date of Form 4 filing. |
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