Form 4: News Corp CFO Susan Panuccio Reports Changes in Beneficial Ownership

Susan Panuccio, CFO of News Corp, filed a Form 4 disclosing the acquisition of stock-settled restricted stock units.

Summary

• On October 11, 2024, Susan Panuccio, the Chief Financial Officer of News Corporation, filed a Form 4 with the SEC.
• The filing reports changes in her beneficial ownership of News Corp stock.
• The reported transactions involve the acquisition of stock-settled restricted stock units, which are economically equivalent to shares of News Corporation Class A Common Stock.
• Specifically, she acquired 52, 102, and 120 stock-settled restricted stock units at a price of $25.91.
• These units represent dividend equivalents accrued from previously granted units and are payable in shares upon vesting.
• Following these transactions, Panuccio's direct ownership includes 13,610, 26,698 and 31,415 stock-settled restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the CFO's holdings of News Corp stock, which is typical for executives receiving stock-based compensation.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CFO's stake in the company.
• It assures stakeholders that the CFO's interests are aligned with theirs.

Key Dates