Form 4: News Corp Director Kelly Ayotte Reports Stock Unit Transactions
SEC Form 4 Filing
Director Kelly Ayotte reports the settlement and acquisition of News Corp Class A Common Stock deferred stock units.
Summary
- On July 1, 2024, Director Kelly Ayotte settled 3,210 deferred stock units for cash, equivalent to the value of News Corp Class A Common Stock.
- The same day, Ayotte acquired 1,786 deferred stock units.
- The price per share for the settlement is $27.29.
- Following these transactions, Ayotte holds 49,587 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a routine 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 grant and (ii) the Reporting Person's end of service as a Director.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. These filings are common and provide transparency into the trading activities of company directors and officers.
Stakeholder Impact
- The transactions reported may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Settlement and acquisition of deferred stock units |
| 07/03/2024 | Date of Form 4 signature |
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