Form 4: News Corp Director Ana Paula Pessoa Reports Stock Unit Transactions
SEC Form 4 Filing
Director Ana Paula Pessoa reports the settlement and acquisition of News Corp Class A Common Stock units.
Summary
- On July 1, 2024, Director Ana Paula Pessoa settled 3,210 deferred stock units for cash, equivalent to shares of News Corporation's Class A Common Stock.
- The same day, Pessoa acquired 3,210 Class A Common Stock and an additional 1,786 deferred stock units.
- The price of the Class A Common Stock was $27.29.
- Following these transactions, Pessoa beneficially owns 49,587 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The deferred stock units become payable in cash on the earlier of (i) the first trading day of the quarter five years following the respective grant and (ii) the Reporting Person's end of service as a Director.
Industry Context
This filing is a routine disclosure of stock transactions by a company director, which is a common practice in publicly traded companies to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Settlement of 3,210 deferred stock units and acquisition of 1,786 deferred stock units. |
| 07/03/2024 | Date of signature for the Form 4 filing. |
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