Fox (FOX) CEO Lachlan Murdoch receives new restricted stock unit awards

Rhea-AI Filing Summary

MURDOCH LACHLAN K reported acquisition or exercise transactions in this Form 4 filing.

Fox Corp Executive Chair and CEO Lachlan K. Murdoch received new equity awards in the form of restricted stock units (RSUs). On March 25, 2026, he was granted three RSU awards covering 271, 523, and 480 underlying shares of Class A Common Stock at no cash cost.

The footnotes explain that each RSU equals one share of Class A stock and that some units represent dividend equivalents accrued on earlier grants. The awards vest in staged installments on August 15 of 2024, 2025, 2026, 2027, and 2028, reflecting ongoing, multi‑year compensation rather than open‑market share purchases or sales.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider MURDOCH LACHLAN K

Role Executive Chair, CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	271	$0.00	--
Grant/Award	Restricted Stock Units	523	$0.00	--
Grant/Award	Restricted Stock Units	480	$0.00	--

Holdings After Transaction: Restricted Stock Units — 57,078 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents the equivalent of one share of Fox Corporation's Class A Common Stock. Represents dividend equivalents accrued with respect to restricted stock units. The restricted stock units vested one-third on August 15, 2024, one-third on August 15, 2025 and the remainder of the award will vest on August 15, 2026. Represents the aggregate number of restricted stock units with respect to a specific grant that are held by the Reporting Person, including dividend equivalents accrued that vest on the same terms as the respective underlying restricted stock units. The restricted stock units vested one-third on August 15, 2025, will vest one-third on August 15, 2026 and the remainder of the award will vest on August 15, 2027. The restricted stock units will vest one-third on each of August 15, 2026, August 15, 2027 and August 15, 2028.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MURDOCH LACHLAN K

(Last) (First) (Middle)

C/O FOX CORPORATION

1211 AVENUE OF THE AMERICAS

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Fox Corp [ FOX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chair, CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/25/2026		A		271(2)		(3)	(3)	Class A Common Stock	271	$0	57,078(4)	D
Restricted Stock Units	(1)	03/25/2026		A		523(2)		(5)	(5)	Class A Common Stock	523	$0	109,841(4)	D
Restricted Stock Units	(1)	03/25/2026		A		480(2)		(6)	(6)	Class A Common Stock	480	$0	100,908(4)	D

Explanation of Responses:

1. Each restricted stock unit represents the equivalent of one share of Fox Corporation's Class A Common Stock.

2. Represents dividend equivalents accrued with respect to restricted stock units.

3. The restricted stock units vested one-third on August 15, 2024, one-third on August 15, 2025 and the remainder of the award will vest on August 15, 2026.

4. Represents the aggregate number of restricted stock units with respect to a specific grant that are held by the Reporting Person, including dividend equivalents accrued that vest on the same terms as the respective underlying restricted stock units.

5. The restricted stock units vested one-third on August 15, 2025, will vest one-third on August 15, 2026 and the remainder of the award will vest on August 15, 2027.

6. The restricted stock units will vest one-third on each of August 15, 2026, August 15, 2027 and August 15, 2028.

Remarks:

	/s/ Laura A. Cleveland as Attorney-in-Fact for Lachlan K. Murdoch	03/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Lachlan Murdoch report in this Fox (FOX) Form 4 filing?

Lachlan Murdoch reported grants of restricted stock units tied to Fox Class A Common Stock. Three awards were recorded on March 25, 2026, reflecting equity-based compensation rather than open-market trading, and increase his RSU-based exposure to the company’s shares over several future vesting dates.

How many Fox (FOX) restricted stock units were granted to Lachlan Murdoch?

The Form 4 shows three separate restricted stock unit awards of 271, 523, and 480 units. Each unit represents one share of Fox Corporation’s Class A Common Stock, with some units including dividend equivalents that accrued on earlier grants and vest on the same schedule as the underlying RSUs.

Are these Fox (FOX) transactions insider purchases or compensation grants?

These transactions are compensation grants, not open-market purchases. All three are coded as “A” for grant, award, or other acquisition, with zero transaction price per share. They represent restricted stock units awarded to Lachlan Murdoch as part of his equity compensation program.

What are the vesting terms of Lachlan Murdoch’s new Fox (FOX) RSUs?

The filing states that portions of the restricted stock units vest in thirds on August 15, 2024, August 15, 2025, and August 15, 2026. Additional grants vest in thirds on August 15, 2025, 2026, 2027, and 2028, creating a multi-year, staggered vesting schedule for these awards.

What do the dividend equivalent RSUs mean in Fox (FOX) CEO’s Form 4?

Some RSUs represent dividend equivalents accrued on existing restricted stock awards. These dividend equivalents are credited as additional units instead of cash, and they vest on the same schedule as the underlying restricted stock units, aligning Lachlan Murdoch’s compensation with Fox Corporation’s long-term shareholder returns.