Form 4: Keith Rupert Murdoch Reports Acquisition of News Corp Derivative Securities
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 April 12, 2024, reporting transactions related to News Corp [NWS].
- The transactions involved the acquisition of cash-settled restricted stock units, which are economically equivalent to shares of News Corporation Class A Common Stock.
- Murdoch acquired 34, 84, and 163 cash-settled restricted stock units on April 10, 2024, at a price of $25.51 per unit.
- These units represent dividend equivalents accrued on previously granted units and are payable in cash upon vesting.
- Following these transactions, Murdoch beneficially owns 8,763, 21,690, and 41,992 cash-settled restricted stock units, respectively.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, 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.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 04/10/2024 | Date of transactions: acquisition of cash-settled restricted stock units. |
| 04/12/2024 | Date of Form 4 filing. |
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