Fox Corp (FOX) Form 4: 623 Restricted Stock Units Reported for COO
Rhea-AI Filing Summary
John Nallen, identified as President and COO of Fox Corporation, reported acquisitions of restricted stock units on 09/24/2025. The Form 4 shows three separate entries where 119, 230 and 274 restricted stock units were acquired as dividend equivalents with a reported price of $0 for each entry, totaling 623 restricted stock units acquired on that date. Each restricted stock unit represents one share of Fox Class A common stock. The filing discloses the aggregate number of RSUs held for each grant following the transactions as 25,823, 49,689 and 59,343 respectively. The disclosure also details the vesting schedules: one grant vested one-third on August 15, 2024, one-third on August 15, 2025 and remainder on August 15, 2026; a second grant vested one-third on August 15, 2025, will vest one-third on August 15, 2026 and remainder on August 15, 2027; a third grant vests one-third on each of August 15, 2026, 2027 and 2028. The Form 4 is signed on behalf of Mr. Nallen by Laura A. Cleveland as attorney-in-fact on 09/25/2025.
Positive
- Acquisition of 623 RSUs recorded on 09/24/2025, reflecting additional equity alignment with shareholders
- Multi-year vesting schedules (through 2026–2028) support executive retention
Negative
- None.
Insights
TL;DR: Routine executive equity accruals were reported; vesting schedules show multi-year retention incentives.
The Form 4 documents non-cash accruals of restricted stock units attributable to dividend equivalents for the company's COO. These entries reflect compensation-related equity rather than open-market transactions and indicate continued alignment of senior management incentives with long-term shareholder outcomes via staged vesting through 2028. The filing does not show any dispositions or exercises that would affect immediate voting control or liquidity.
TL;DR: 623 RSUs added to the reporting person’s holdings; three grants have staggered vesting to retain the officer.
The reported acquisitions total 623 restricted stock units acquired on 09/24/2025 and are recorded at a $0 price as dividend equivalents. The three grants maintain standard one-third annual vesting schedules across different tranches, reinforcing retention design. The aggregated post-transaction balances shown per grant suggest material existing equity positions but the filing provides only grant-level RSU counts, not total Class A shares owned outright.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 119 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 230 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 274 | $0.00 | -- |
Footnotes (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.
