Fox Corp (FOX) director Abbott adds 70 deferred stock units, now holds 15,080
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Abbott Anthony J reported acquisition or exercise transactions in this Form 4 filing.
Fox Corp director Anthony J. Abbott received an award of 70 deferred stock units tied to Class A common stock. Each unit equals one share and represents dividend equivalents accrued on existing deferred units. After this grant, he holds a total of 15,080 deferred stock units, which will be paid in stock on the earlier of five years after grant or the end of his board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Abbott Anthony J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 70 | $58.49 | $4K |
Holdings After Transaction:
Deferred Stock Units — 15,080 shares (Direct)
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.
FAQ
What insider transaction did Fox Corp (FOX) disclose for Anthony J. Abbott?
Fox Corp reported that director Anthony J. Abbott received 70 deferred stock units linked to Class A common stock. These units represent dividend equivalents accrued on existing deferred units and increase his total deferred stock unit holdings to 15,080.
What is a deferred stock unit in the Fox Corp (FOX) Form 4 filing?
A deferred stock unit in this filing represents the equivalent of one share of Fox Corporation’s Class A common stock. The units are settled in stock at a future date instead of immediately, aligning director compensation with shareholder interests over time.
When do Anthony J. Abbott’s Fox Corp (FOX) deferred stock units become payable?
Abbott’s deferred stock units become payable in stock on the earlier of the first trading day of the quarter five years after the grant or the end of his service as a director, providing a long-term compensation structure.
How many Fox Corp (FOX) deferred stock units does Anthony J. Abbott hold after this transaction?
Following this grant, Anthony J. Abbott holds an aggregate of 15,080 deferred stock units. This total includes the new 70-unit dividend-equivalent award and previously granted units, all of which vest and pay out under the same deferred terms.
What do the dividend-equivalent deferred stock units mean for Fox Corp (FOX) director compensation?
Dividend-equivalent deferred stock units credit directors with additional units when dividends are paid, mirroring shareholder returns. For Abbott, the 70-unit award reflects dividends on his existing deferred holdings and is paid out with the underlying units in stock.