Form 4: News Corp Executive David R. Kline Reports Acquisition of Stock-Settled Restricted Stock Units
SEC Form 4 Filing
David R. Kline, Chief Technology Officer of News Corp, reports the acquisition of stock-settled restricted stock units representing dividend equivalents.
Summary
- On October 9, 2024, David R. Kline, the Chief Technology Officer of News Corporation, acquired stock-settled restricted stock units.
- These units represent dividend equivalents accrued from previously granted stock-settled restricted stock units.
- The acquisition included 25 units, 54 units, and 42 units, all economically equivalent to shares of News Corporation Class A Common Stock.
- The price for each unit is $25.91.
- Following these transactions, Kline directly owns 6,544, 14,052, and 11,022 derivative securities respectively.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting routine transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies. It provides transparency to investors regarding the alignment of executive interests with shareholder value.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 10/09/2024 | Date of transaction: Acquisition of stock-settled restricted stock units. |
| 10/11/2024 | Date of signature for the report. |
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