Form 4: News Corp Director Settles, Acquires Stock Units

News Corp Director Ana Paula Pessoa settled 2,371 deferred stock units for cash and acquired 1,861 new units in a pre-planned transaction.

Summary

• Director Ana Paula Pessoa settled 2,371 deferred stock units (DSUs) on January 2, 2026.
• These DSUs were converted into 2,371 shares of News Corporation's Class A Common Stock and immediately disposed of for cash at a price of $26.19 per share.
• Concurrently, Pessoa acquired 1,861 new deferred stock units.
• Following these transactions, Pessoa's total beneficial ownership of deferred stock units increased to 40,564.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The filing describes routine insider transactions related to director compensation, which are generally neutral in sentiment. The settlement of existing units and grant of new ones is an expected part of an executive compensation package.

Positives

• The acquisition of 1,861 new deferred stock units indicates continued alignment of the director's interests with long-term company performance.

Negatives

• The immediate disposition of 2,371 shares for cash, resulting from the settlement of deferred stock units, represents a reduction in direct equity holdings.

Future Outlook

The deferred stock units granted to the Director become payable in cash on the earlier of the first trading day of the quarter five years following the grant or the Director's end of service.

Industry Context

This filing represents a routine insider transaction related to director compensation, common across publicly traded companies, and does not reflect broader industry trends or competitive positioning.

Comparison to Industry Standards

• The structure of deferred stock unit compensation, with vesting periods and cash settlement options, is a standard practice for director remuneration in large media and information services companies like News Corp. This aligns with typical governance practices for retaining and incentivizing board members.

Related Party Transactions

• The transactions involve a director of News Corporation, Ana Paula Pessoa, engaging in the settlement and acquisition of deferred stock units with the company, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and does not significantly alter the company's capital structure or operational strategy. It reflects standard director remuneration practices.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated.

Next Steps

• The newly acquired deferred stock units will become payable in cash on the earlier of the first trading day of the quarter five years following their grant or the Director's end of service.

Key Dates

Keywords

News Corp, NWS, Ana Paula Pessoa, Form 4, Insider Transaction, Deferred Stock Units, Director Compensation, Equity Compensation, Stock Sale, Stock Grant, Rule 10b5-1