Fox Corp (FOX) Insiders: Hernandez Adds 143 Deferred Stock Units
Rhea-AI Filing Summary
Roland A. Hernandez, a director of Fox Corporation (FOX), received 143 deferred stock units on 09/24/2025 at an attributable unit value of $60.16. Each deferred stock unit equals one share of Fox Class A common stock and includes dividend equivalents credited as additional deferred units. The reported units become payable in stock on the earlier of the first trading day of the quarter five years after grant or the director's end of service. After this transaction, Hernandez reports beneficial ownership of 31,491 Class A shares (direct).
Positive
- Grant recorded: 143 deferred stock units acquired on 09/24/2025
- Clear conversion terms: Each deferred stock unit equals one Class A common share
- Updated ownership disclosed: Beneficial ownership totals 31,491 Class A shares
Negative
- None.
Insights
TL;DR: Routine director equity award recorded; aligns with standard deferred compensation mechanics for non-employee directors.
The Form 4 documents a grant of 143 deferred stock units to Director Roland A. Hernandez, with dividend equivalents credited as additional deferred units. The award converts to Class A common stock on a specified future payout schedule: the earlier of the first trading day of the quarter five years post-grant or upon termination of service. The filing is procedural and provides transparency on insider holdings and timing of future stock issuance.
TL;DR: Disclosure satisfies Section 16 reporting for a director's deferred stock unit grant and updated beneficial ownership.
The Form 4 lists transaction date 09/24/2025, transaction code 'A' (acquisition), and a per-unit value of $60.16 for the underlying Class A common stock. It clarifies that dividend equivalents are treated as additional deferred units and become payable on the same terms. The filing is consistent with routine insider reporting requirements and clarifies the aggregate direct beneficial ownership of 31,491 shares following the grant.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 143 | $60.16 | $9K |
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.
