Form 4: News Corp CFO Susan Panuccio Reports Acquisition of Stock-Settled Restricted Stock Units
SEC Form 4 Filing
Susan Panuccio, CFO of News Corp, reported the acquisition of stock-settled restricted stock units, representing dividend equivalents, on April 10, 2024.
Summary
- On April 10, 2024, Susan Panuccio, the Chief Financial Officer of News Corp, acquired stock-settled restricted stock units.
- These units represent dividend equivalents accrued on previously granted stock-settled restricted stock units.
- The acquisitions were made at a price of $25.51 per unit.
- Ms. Panuccio acquired 37, 105, and 155 stock-settled restricted stock units, resulting in her holding 9,638, 27,112, and 39,892 units respectively.
- These units are the economic equivalent of News Corporation Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are standard practice for company insiders reporting transactions in their company's securities, providing transparency to the market.
Stakeholder Impact
- The acquisition of stock-settled restricted stock units by the CFO aligns her interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/10/2024 | Date of transaction: Acquisition of stock-settled restricted stock units. |
| 04/12/2024 | Date of signature for the Form 4 filing. |
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