Form 4: News Corp Director Masroor Siddiqui Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Masroor Siddiqui reports transactions involving News Corp Class A Common Stock and Deferred Stock Units.
Summary
- On July 1, 2024, Masroor Siddiqui, a director of News Corp, reported changes in beneficial ownership.
- Siddiqui settled 3,210 deferred stock units for the cash value of an equivalent number of Class A Common Stock shares.
- Additionally, Siddiqui acquired 1,786 deferred stock units at a price of $27.29.
- Following these transactions, Siddiqui holds 49,587 deferred stock units.
- 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.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing; it doesn't inherently indicate positive or negative sentiment.
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
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: settlement of deferred stock units and acquisition of new units |
| 07/03/2024 | Date of signature on the Form 4 filing |
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