Fox Corp (FOX) CEO exercises awards, uses shares for taxes
Rhea-AI Filing Summary
Fox Corp (FOX) reported that Executive Chair and CEO Lachlan K. Murdoch exercised equity awards into Class A Common Stock on August 15, 2026. He converted an aggregate of 292,881 stock units (restricted and performance) into an equivalent number of Class A shares. In separate code F transactions, 142,947 shares of Class A Common Stock were delivered or withheld at $69.04 per share for payment of exercise price or tax liability. An indirect holding entry shows 1,251,779 Class A shares held by the LKM Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 149,934 shares
Net Buy
13 txns
Insider
MURDOCH LACHLAN K
Role
Executive Chair, CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 57,078 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F3 | 54,920 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 33,636 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F1 | 147,247 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 57,078 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 27,865 | $69.04 | $1.92M |
| Exercise | Class A Common Stock F1 | 54,920 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 26,649 | $69.04 | $1.84M |
| Exercise | Class A Common Stock F1 | 33,636 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 16,548 | $69.04 | $1.14M |
| Exercise | Class A Common Stock F1 | 147,247 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 71,885 | $69.04 | $4.96M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 122,193 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Class A Common Stock — 150,086 shares (Direct);
Class A Common Stock — 1,251,779 shares (Indirect, By LKM Family Trust)
Footnotes (4)
- F1. Each restricted stock unit and performance stock unit represents the equivalent of one share of Fox Corporation's Class A Common Stock.
- F2. The restricted stock units vested one-third on August 15, 2024, one-third on August 15, 2025 and the remainder of the award vested on August 15, 2026.
- F3. The restricted stock units vested one-third on August 15, 2025, one-third on August 15, 2026 and the remainder of the award will vest on August 15, 2027.
- F4. The restricted stock units vested one-third on August 15, 2026, will vest one-third on August 15, 2027 and the remainder of the award will vest on August 15, 2028.
Key Figures
Derivative exercises: 292,881 shares
Shares for exercise price or tax liability: 142,947 shares
Code F transaction price: $69.04 per share
+1 more
4 metrics
Derivative exercises
292,881 shares
Total stock units (RSUs and PSUs) exercised or converted into Class A Common Stock
Shares for exercise price or tax liability
142,947 shares
Total Class A shares delivered or withheld in code F transactions
Code F transaction price
$69.04 per share
Per-share price for Class A Common Stock in code F dispositions
Indirect Class A holding
1,251,779 shares
Class A Common Stock held indirectly by LKM Family Trust
Key Terms
Restricted Stock Units, Performance Stock Units, code F, indirect ownership
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" for multiple derivative transactions"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Units financial
"security_title: "Performance Stock Units" converted into Class A Common Stock"
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.
code F financial
"transaction_code: "F" indicates payment of exercise price or tax liability"
indirect ownership financial
"ownership_type: "indirect" with nature_of_ownership "By LKM Family Trust""
FAQ
What did FOX executive Lachlan Murdoch report in this Form 4 filing for FOX?
Lachlan K. Murdoch reported exercising 292,881 stock units into Fox Corp Class A Common Stock on August 15, 2026. He also reported related code F transactions where 142,947 shares were delivered or withheld to cover exercise price or tax obligations at $69.04 per share.
What indirect holdings of Fox Corp (FOX) does Lachlan Murdoch report?
The Form 4 includes an indirect ownership entry of 1,251,779 shares of Fox Corp Class A Common Stock. These shares are held "By LKM Family Trust", indicating indirect ownership rather than direct personal holding in Murdoch’s name.
Were the Fox Corp (FOX) transactions reported under a Rule 10b5-1 trading plan?
The document-level indicator for Rule 10b5-1 is false, meaning the specific checkbox for trades pursuant to a Rule 10b5-1 plan was not marked as affirmative. The filing does not add separate footnote language describing these as 10b5-1 plan transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
