Fox Corp (FOX) awards RSUs and performance stock options to CFO Steven Tomsic
Rhea-AI Filing Summary
Fox Corp reported that Chief Financial Officer Steven Tomsic received equity-based compensation awards. He was granted 34,470 Restricted Stock Units, each representing one share of Class A Common Stock, vesting one-third on August 15 in 2027, 2028 and 2029. He also received 42,176 performance stock options with an exercise price of $62.31 per share, expiring on August 11, 2036. These options may vest and become exercisable on August 11, 2029 if the Class A share price increases at least 15% over the exercise price for 30 consecutive calendar days between the grant date and August 11, 2029.
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Tomsic Steven
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 34,470 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Option (Right to Buy) F3 | 42,176 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 34,470 shares (Direct);
Performance Stock Option (Right to Buy) — 42,176 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents the contingent right to receive one share of Fox Corporation's Class A Common Stock upon vesting.
- F2. The restricted stock units will vest one-third on each of August 15, 2027, August 15, 2028 and August 15, 2029.
- F3. The performance stock options may vest and become exercisable on August 11, 2029, based on the attainment of a 15% increase in the price of Fox Corporation's Class A Common Stock over the exercise price for at least 30 consecutive calendar days during the period from the date of grant to August 11, 2029.
Key Figures
Restricted Stock Units granted: 34,470 units
Performance stock options granted: 42,176 options
Option exercise price: $62.31 per share
+3 more
6 metrics
Restricted Stock Units granted
34,470 units
RSUs granted to CFO Steven Tomsic on August 11, 2026
Performance stock options granted
42,176 options
Performance stock options granted on August 11, 2026
Option exercise price
$62.31 per share
Exercise price for 42,176 performance stock options
Option expiration date
August 11, 2036
Expiration for granted performance stock options
Potential vesting date for options
August 11, 2029
Date when performance stock options may vest if conditions are met
Performance hurdle
15% price increase
Required increase over $62.31 exercise price for 30 consecutive days
Key Terms
Restricted Stock Units, Performance Stock Option, exercise price, vesting
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents the contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Option financial
"The performance stock options may vest and become exercisable on August 11, 2029"
exercise price financial
"a 15% increase in the price of Fox Corporation's Class A Common Stock over the exercise price"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"The restricted stock units will vest one-third on each of August 15, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Fox Corp (FOX) grant to CFO Steven Tomsic?
Fox Corp granted CFO Steven Tomsic 34,470 Restricted Stock Units and 42,176 performance stock options on Class A Common Stock as part of his equity-based compensation package.
How do the new RSU awards for Fox (FOX) CFO Steven Tomsic vest?
The 34,470 RSUs granted to Fox CFO Steven Tomsic vest in three equal installments, one-third on August 15, 2027, August 15, 2028 and August 15, 2029.
What are the terms of Steven Tomsic’s performance stock options at Fox (FOX)?
Steven Tomsic received 42,176 performance stock options with a per-share exercise price of $62.31, expiring on August 11, 2036, tied to Fox’s Class A Common Stock.
What performance condition applies to the new Fox (FOX) performance stock options?
The options may vest and become exercisable on August 11, 2029 if Fox’s Class A share price rises at least 15% above the $62.31 exercise price for 30 consecutive days before that date.