FOX Form 4: Director William Burck receives 116 deferred units; 25,595 shares total
Rhea-AI Filing Summary
William A. Burck, a director of Fox Corporation (FOX), reported an acquisition of deferred stock units on 09/24/2025. The Form 4 shows 116 deferred stock units were acquired as dividend equivalents tied to Fox Class A common stock, recorded at a reference price of $60.16 per share. Each deferred stock unit equals one share of Class A common stock, and the reported units become payable in stock either five years after grant or upon the reporting person's end of service as a director. After this activity, the reporting person beneficially owns 25,595 shares (including these units).
Positive
- 116 deferred stock units acquired as dividend equivalents on 09/24/2025
- Each deferred stock unit equals one Class A common share, clarifying payout conversion
- Beneficial ownership increased to 25,595 shares following the reported transaction
Negative
- None.
Insights
TL;DR: Director received 116 deferred stock units payable in stock, increasing beneficial ownership to 25,595 shares.
The Form 4 discloses a routine grant of deferred stock units to William A. Burck on 09/24/2025, recorded as dividend equivalents. Each unit converts to one Class A share and vests for payout on the earlier of five years after grant or the director's end of service. This is a standard director compensation mechanism aligning long-term interests with shareholders without immediate stock transfer. The filing is informational and does not indicate any change in control, sale, or exercise activity.
TL;DR: Transaction is administrative compensation; no exercised options or dispositions reported.
The table shows a non-derivative acquisition labeled as deferred stock units (116) representing dividend equivalents, with a reported reference price of $60.16 and aggregate beneficial ownership of 25,595 shares following the grant. The units are payable in stock under specified timing conditions. The Form 4 contains no sales, dispositions, or derivative exercises by the reporting person on the reported date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 116 | $60.16 | $7K |
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.
