Fox Corp (FOX) converts 49,887 RSUs, with 25,052 shares withheld
Rhea-AI Filing Summary
Fox Corp (ticker FOX) reported that Chief Legal and Policy Officer Adam G. Ciongoli converted vested restricted stock units into Class A Common Stock on August 15, 2026. Three RSU tranches totaling 49,887 units were exercised into an equivalent number of Class A shares, reflecting previously granted equity awards with multi-year vesting schedules. In connection with these exercises, a total of 25,052 Class A shares were delivered or withheld at $69.04 per share for payment of exercise price or tax liability. The filing’s Rule 10b5-1 checkbox was not selected.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 24,835 shares
Net Buy
9 txns
Insider
Ciongoli Adam G.
Role
Chief Legal and Policy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 25,741 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F3 | 14,975 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 9,171 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 25,741 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 12,926 | $69.04 | $892K |
| Exercise | Class A Common Stock F1 | 14,975 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 7,520 | $69.04 | $519K |
| Exercise | Class A Common Stock F1 | 9,171 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 4,606 | $69.04 | $318K |
Holdings After Transaction:
Restricted Stock Units — 33,330 shares (Direct);
Class A Common Stock — 77,173 shares (Direct)
Footnotes (4)
- F1. Each restricted 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
RSUs exercised: 49,887 shares
RSU tranche 1: 25,741 units
RSU tranche 2: 14,975 units
+3 more
6 metrics
RSUs exercised
49,887 shares
Total restricted stock units converted to Class A Common Stock on August 15, 2026
RSU tranche 1
25,741 units
Restricted stock units exercised into Class A shares on August 15, 2026
RSU tranche 2
14,975 units
Restricted stock units exercised into Class A shares on August 15, 2026
RSU tranche 3
9,171 units
Restricted stock units exercised into Class A shares on August 15, 2026
Shares delivered/withheld
25,052 shares
Class A shares delivered or withheld for exercise price or tax liability
Reference share price
$69.04 per share
Price used for Class A shares delivered or withheld under code F transactions
Key Terms
Restricted Stock Units, Class A Common Stock, Exercise or conversion of derivative security, Payment of exercise price or tax liability, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents the equivalent of one share"
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.
Class A Common Stock financial
"one share of Fox Corporation's Class A Common Stock"
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.
Exercise or conversion of derivative security financial
"transaction code description Exercise or conversion of derivative security"
Payment of exercise price or tax liability financial
"transaction code description Payment of exercise price or tax liability"
vested one-third financial
"The restricted stock units vested one-third on August 15, 2024"
FAQ
What insider transactions did FOX report for Adam G. Ciongoli on August 15, 2026?
Adam G. Ciongoli converted 49,887 restricted stock units into an equal number of Fox Corp Class A shares and had 25,052 shares delivered or withheld to cover exercise price or tax liability at $69.04 per share.
How many Fox Corp (FOX) restricted stock units did Adam G. Ciongoli exercise?
He exercised a total of 49,887 restricted stock units, comprising tranches of 25,741, 14,975, and 9,171 units. Each unit represents one share of Fox Corporation’s Class A Common Stock, turning these awards into actual shares.
Were Adam G. Ciongoli’s FOX transactions made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox was not selected, indicating the transactions are not affirmatively tagged as being made under a Rule 10b5-1 trading plan. No footnote describes a pre-arranged trading plan in connection with these awards.
What vesting schedules apply to Adam G. Ciongoli’s FOX restricted stock units?
Fox Corp discloses three RSU award schedules, each vesting in three annual installments on August 15 across years 2024–2028. Individual tranches vested or will vest on dates including August 15, 2024, 2025, 2026, 2027, and 2028 depending on the grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
