Form 4: Lachlan Murdoch Reports NWS Stock Transactions

News Corp Director Lachlan Murdoch reported the acquisition and disposition of Class A Common Stock and deferred stock units, including dividend equivalents, on October 8, 2025.

Summary

• Lachlan K. Murdoch, a Director of News Corp (NWS), reported changes in his beneficial ownership of securities on October 8, 2025.
• He acquired 144 deferred stock units (DSUs) as dividend equivalents, which become payable in cash upon vesting.
• 11 deferred stock units, representing dividend equivalents that vested on October 1, 2025, were settled for their cash value on October 8, 2025.
• Concurrently, 11 shares of Class A Common Stock were acquired and immediately disposed of at a price of $27.38 per share, reflecting the cash settlement of the 11 DSUs.
• Following these transactions, Mr. Murdoch directly holds 114 shares of Class A Common Stock.
• He indirectly holds 14,250 shares of Class A Common Stock through LGC Holdco, LLC, though he disclaims beneficial ownership except to the extent of his pecuniary interest.
• His aggregate beneficial ownership of deferred stock units stands at 41,074 units.

Sentiment

Score: 5

Explanation: The filing is a routine insider transaction report (Form 4) detailing compensation-related equity movements and a minor stock disposition. It does not contain information that would significantly alter the company's fundamental outlook or investor sentiment, thus maintaining a neutral score.

Positives

• Acquisition of 144 deferred stock units as dividend equivalents indicates continued accrual of equity-linked compensation for the director.

Negatives

• Disposition of 11 shares of Class A Common Stock at $27.38, although part of a DSU cash settlement, represents a reduction in direct equity holding.

Future Outlook

Deferred stock units become payable in cash on the earlier of the first trading day of the quarter five years following their respective grant or the reporting person's end of service as a Director.

Industry Context

This filing is a routine insider transaction report (Form 4) and does not provide information related to broader industry trends or competitive landscape. It solely details changes in a director's beneficial ownership of company securities.

Related Party Transactions

• Lachlan K. Murdoch indirectly holds 14,250 shares of Class A Common Stock through LGC Holdco, LLC. He disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, due to his control over the voting and disposition decisions of LGC Holdco, LLC's holdings.

Stakeholder Impact

• Shareholders: The transactions represent routine insider activity and are unlikely to have a significant direct impact on the broader shareholder base.
• Management: The filing details a director's compensation-related equity movements and a minor disposition, which is standard for executive compensation structures.

Next Steps

• Future vesting and cash settlement of remaining deferred stock units as per their terms.

Key Dates

Keywords

News Corp, NWS, Lachlan Murdoch, Form 4, Insider Transaction, Deferred Stock Units, Class A Common Stock, Director, Equity Compensation