Form 4: News Corp Director Natalie Bancroft Reports Stock Unit Transactions
SEC Form 4 Filing
Director Natalie Bancroft reports the settlement and acquisition of News Corp Class A Common Stock deferred stock units.
Summary
- On July 1, 2024, Natalie Bancroft, a director of News Corp, settled 3,210 deferred stock units for cash equivalent to the value of News Corp's Class A Common Stock.
- On the same day, she also acquired 1,786 deferred stock units.
- The price of the Class A Common Stock was $27.29 on the transaction date.
- Following these transactions, Bancroft beneficially owns 49,587 deferred stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document reports routine transactions related to director compensation.
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
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding director stock ownership.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of deferred stock units settlement and acquisition |
| 07/03/2024 | Date of signature on the report |
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