Fox Corp (FOX) director receives additional deferred stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ryan Paul D reported acquisition or exercise transactions in this Form 4 filing.
Fox Corp director Ryan Paul D received a grant of 126 deferred stock units tied to Class A Common Stock. Each unit represents one share and reflects dividend equivalents credited on his existing deferred stock balance.
These deferred stock units will be paid in stock on the earlier of the first trading day of the quarter five years after the grant or the end of his service as a director. Following this award, he holds a total of 26,966 deferred stock units, including accrued dividend equivalents that vest on the same terms as the underlying units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ryan Paul D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 126 | $58.49 | $7K |
Holdings After Transaction:
Deferred Stock Units — 26,966 shares (Direct)
Footnotes (1)
- Each deferred stock unit represents the equivalent of one share of Fox Corporation's Class A Common Stock. Represents dividend equivalents accrued with respect to deferred stock units. The deferred stock units representing dividend equivalents become payable in stock upon the pay out of the underlying deferred stock units. The reported deferred stock units become payable 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. Represents the aggregate number of deferred stock units held by the Reporting Person, including dividend equivalents accrued that vest on the same terms as the respective underlying deferred stock units.
FAQ
What insider transaction did Fox Corp (FOX) report for director Ryan Paul D?
Fox Corp reported that director Ryan Paul D received 126 deferred stock units, each equal to one share of Class A Common Stock. These units represent dividend equivalents credited on existing awards and increase his total deferred stock units to 26,966.
What are the terms of the new deferred stock units granted at Fox Corp (FOX)?
The newly reported deferred stock units become payable in stock on the earlier of five years after the grant’s quarter or the director’s end of service. This aligns their payout with the underlying deferred stock units’ existing vesting schedule and service-based conditions.
How many total deferred stock units does the Fox Corp (FOX) director now hold?
After this transaction, the director holds 26,966 deferred stock units in total. This figure includes both prior awards and dividend equivalents that accrue and vest on the same terms as the corresponding underlying deferred stock unit grants.
What triggered the 126 new deferred stock units at Fox Corp (FOX)?
The 126 additional deferred stock units represent dividend equivalents accrued on existing deferred stock units. Instead of paying cash dividends, Fox Corp credits equivalent units, which then vest and pay out under the same terms as the original deferred stock awards.