Form 4: News Corp Executive Marygrace DeGrazio Reports Acquisition of Stock-Settled Restricted Stock Units

Marygrace DeGrazio, Chief Accounting Officer of News Corp, reports the acquisition of stock-settled restricted stock units representing dividend equivalents.

Summary

• On October 9, 2024, Marygrace DeGrazio, Chief Accounting Officer of News Corp, acquired stock-settled restricted stock units.
• These units represent dividend equivalents accrued on previously granted stock-settled restricted stock units.
• The acquisitions include 24 units, 44 units, and 54 units, each with a price of $25.91.
• Following these transactions, Ms. DeGrazio directly owns 6,489, 11,610, and 14,139 stock-settled restricted stock units respectively.
• Each stock-settled restricted stock unit is equivalent to one share of News Corporation Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally. The acquisition of stock-settled restricted stock units can be seen as a positive sign of alignment between management and shareholders, but it's not a major event.

Positives

• The acquisition of stock-settled restricted stock units indicates continued alignment of the executive's interests with those of the shareholders.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

This filing is a routine disclosure related to executive compensation and is common for publicly traded companies. It reflects standard practices for aligning executive incentives with shareholder value through equity-based compensation.

Comparison to Industry Standards

• Equity-based compensation, such as stock-settled restricted stock units, is a common practice among publicly traded companies like News Corp.
• Companies such as Alphabet (GOOGL), Meta (META), and Disney (DIS) also utilize similar compensation structures to incentivize their executives.
• The specific amounts and terms of these grants vary based on company size, performance, and individual executive roles.

Stakeholder Impact

• The acquisition of stock-settled restricted stock units aligns the executive's interests with those of the shareholders, potentially incentivizing performance that benefits shareholders.

Key Dates