Form 4: News Corp Chief Accounting Officer's Stock Transactions

News Corp's Chief Accounting Officer, Marygrace DeGrazio, reported the settlement of restricted stock units and subsequent tax-related share disposition.

Summary

• Marygrace DeGrazio, Chief Accounting Officer of News Corporation, reported transactions involving Class A Common Stock.
• On January 2, 2026, 21,947 stock-settled restricted stock units (RSUs) vested and were settled for an equivalent number of Class A Common Stock shares.
• These RSUs included dividend equivalents accrued during the vesting period.
• Following the RSU settlement, 8,664 shares of Class A Common Stock were disposed of at a price of $26.12 per share to satisfy tax withholding obligations.
• After these transactions, Marygrace DeGrazio beneficially owns 35,005 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction related to executive compensation, which is neutral in terms of company-specific sentiment. It reflects the normal course of business for equity awards.

Positives

• The vesting of 21,947 stock-settled restricted stock units represents a successful realization of executive compensation for the Chief Accounting Officer.

Negatives

• 8,664 shares of Class A Common Stock were disposed of to cover tax withholding obligations, reducing the direct beneficial ownership of the reporting person.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This is a routine insider transaction related to executive compensation and does not reflect broader industry trends or competitive positioning.

Comparison to Industry Standards

• The vesting and settlement of restricted stock units, followed by the sale of shares to cover tax obligations, is a standard practice in executive compensation across various industries, including media and entertainment companies like News Corp. This aligns with common equity incentive plan structures designed to align executive interests with shareholder value over time.

Related Party Transactions

• The transactions involve the Chief Accounting Officer of News Corporation, Marygrace DeGrazio, exercising and settling equity awards as part of her compensation package, which is a common form of related party transaction in the context of executive remuneration.

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes slightly reduces the insider's direct ownership, but the overall impact on the company's share structure or market is negligible due to the small volume relative to total outstanding shares.
• Employees (Executive): The vesting of RSUs represents a successful payout of long-term incentive compensation for the Chief Accounting Officer.

Key Dates

Keywords

News Corp, NWS, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation, Stock Settlement, Tax Withholding