Form 4: News Corp Director Kelly Ayotte Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Kelly Ayotte reports transactions involving News Corp Class A Common Stock and Deferred Stock Units.
Summary
- On October 9, 2024, Kelly Ayotte, a director of News Corp, reported transactions involving Class A Common Stock and Deferred Stock Units.
- Ayotte acquired 12 Class A Common Stock units through the settlement of deferred stock units for cash at a price of $25.91.
- Ayotte also acquired 180 Deferred Stock Units representing dividend equivalents accrued with respect to previously granted deferred stock units.
- Following these transactions, Ayotte beneficially owns 12 shares of Class A Common Stock directly and 48,479 Deferred Stock Units.
- These 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.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, so the sentiment is neither positive nor negative.
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 insider, as required by the SEC. It provides transparency to the market regarding the actions of company leadership.
Stakeholder Impact
- Shareholders are informed about the transactions of a company director, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 10/09/2024 | Date of transactions involving Class A Common Stock and Deferred Stock Units. |
| 10/11/2024 | Date of signature on the Form 4 filing. |
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