Fox Corp (FOX) director Chase Carey receives 126 deferred stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CAREY CHASE reported acquisition or exercise transactions in this Form 4 filing.
Fox Corp director Chase Carey received a grant of 126 deferred stock units tied to Class A Common Stock as compensation. Each deferred stock unit represents one share of Class A Common Stock and includes dividend equivalents that accrue over time.
The new units were granted at a reference value of $58.49 per share and increase Carey’s total holdings to 26,966 deferred stock units. These units become payable in stock on the earlier of the first trading day of the quarter 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
CAREY CHASE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 126 | $58.49 | $7K |
Holdings After Transaction:
Deferred Stock Units — 26,966 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 did Fox Corp (FOX) director Chase Carey report on this Form 4?
Chase Carey reported receiving 126 deferred stock units as a compensation-related award. These units are linked to Fox Corp Class A Common Stock and include associated dividend equivalents, increasing his total deferred stock unit holdings to 26,966 following the transaction.
How many Fox Corp deferred stock units did Chase Carey acquire and at what value?
Chase Carey acquired 126 deferred stock units with a reference value of $58.49 per unit. Each unit is economically equivalent to one share of Fox Corp Class A Common Stock, and the grant reflects a routine compensation-related award rather than an open-market purchase.
What are deferred stock units in the context of Fox Corp (FOX)?
For Fox Corp, each deferred stock unit represents the equivalent of one share of Class A Common Stock. These units are typically granted to directors as compensation, accrue dividend equivalents, and are settled in stock at a future date instead of being immediately tradable shares.
When do Chase Carey’s Fox Corp deferred stock units become payable in stock?
The deferred stock units become payable in stock on the earlier of two dates. They pay out on the first trading day of the quarter five years after the grant, or when Chase Carey’s service as a Fox Corp director ends, whichever happens first.
Do the Fox Corp deferred stock units include dividend equivalents for Chase Carey?
Yes, the reported deferred stock units include dividend equivalents that accrue on the underlying units. These dividend-equivalent units vest and become payable on the same terms as the original deferred stock units, effectively mirroring dividends paid on Fox Corp Class A Common Stock.
How many total Fox Corp deferred stock units does Chase Carey hold after this award?
After this award, Chase Carey holds an aggregate of 26,966 deferred stock units. This total includes both previously granted units and dividend equivalents that accrue and vest on the same terms as the underlying deferred stock unit grants reported in the filing.