Fox Corp (FOX) awards Lachlan Murdoch 147,247 performance stock units vesting in 2026
Rhea-AI Filing Summary
MURDOCH LACHLAN K reported acquisition or exercise transactions in this Form 4 filing.
Fox Corp reported that Executive Chair and CEO Lachlan K. Murdoch received a grant of 147,247 Performance Stock Units. Each unit represents a contingent right to receive one share of Class A Common Stock upon vesting. The units were originally awarded in August 2023 and were granted after achievement of pre-determined performance measures over a three-year performance period. They are scheduled to vest in Class A shares on August 15, 2026, and Murdoch’s direct holdings of these units now total 147,247.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MURDOCH LACHLAN K
Role
Executive Chair, CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units F1, F2 | 147,247 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Stock Units — 147,247 shares (Direct)
Footnotes (2)
- F1. Each performance stock unit represents the contingent right to receive one share of Fox Corporation's Class A Common Stock upon vesting.
- F2. The performance stock units, originally awarded in August 2023, were granted to the Reporting Person after the achievement of pre-determined performance measures over the three-year performance period and shall vest in shares of Fox Corporation's Class A Common Stock on August 15, 2026.
Key Figures
Performance Stock Units granted: 147,247 units
Underlying Class A shares: 147,247 shares
Grant price per unit: $0.0000 per unit
+2 more
5 metrics
Performance Stock Units granted
147,247 units
Grant to Lachlan K. Murdoch, each unit tied to one Class A Common Stock share
Underlying Class A shares
147,247 shares
Shares deliverable upon vesting of Performance Stock Units
Grant price per unit
$0.0000 per unit
Reported transaction price for the Performance Stock Units
Vesting date
August 15, 2026
Scheduled vesting date of the Performance Stock Units into Class A shares
Original award timing
August 2023
Units were originally awarded in August 2023, subject to performance measures
Key Terms
Performance Stock Units, contingent right, Class A Common Stock, performance period
4 terms
Performance Stock Units financial
"Each performance stock unit represents the contingent right to receive one share"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
contingent right financial
"represents the contingent right to receive one share of Fox Corporation's Class A"
Class A Common Stock financial
"receive one share of Fox Corporation's Class A Common Stock upon vesting"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
performance period financial
"after the achievement of pre-determined performance measures over the three-year performance period"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Lachlan Murdoch receive according to Fox (FOX)'s Form 4?
Lachlan Murdoch received 147,247 Performance Stock Units, each representing a contingent right to one share of Fox Corporation’s Class A Common Stock, subject to future vesting.
When do Lachlan Murdoch's new Performance Stock Units at FOX vest?
The Performance Stock Units are scheduled to vest on August 15, 2026, at which time each vested unit converts into one share of Fox Corporation’s Class A Common Stock.
What performance conditions applied to Lachlan Murdoch's FOX Performance Stock Units?
The units were granted after achievement of pre-determined performance measures assessed over a three-year performance period, originally associated with an award made in August 2023.
How many Performance Stock Units does Lachlan Murdoch hold after this FOX transaction?
Following the reported transaction, Lachlan Murdoch directly holds 147,247 Performance Stock Units, each tied to an equivalent number of Fox Corporation Class A Common Stock shares upon vesting.
What type of security was reported in Fox (FOX)'s Form 4 for Lachlan Murdoch?
The filing reports Performance Stock Units, a derivative equity award that provides a contingent right to receive Fox Corporation’s Class A Common Stock upon satisfaction of vesting conditions.