Fox Corp (FOX: FOX) director awarded new deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HERNANDEZ ROLAND A reported acquisition or exercise transactions in this Form 4 filing.
Fox Corp director Roland A. Hernandez received a grant of deferred stock units tied to Class A Common Stock. The award covers 126 deferred stock units, each equal to one share of Class A stock, mainly reflecting dividend equivalents credited on existing units. Following this grant, Hernandez holds a total of 26,966 deferred stock units. These units, including those representing dividend equivalents, become payable in stock on the earlier of the first trading day of the quarter five years after the original grant or the end of his service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HERNANDEZ ROLAND A
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 insider transaction did Fox Corp (FOX) report for Roland A. Hernandez?
Fox Corp reported that director Roland A. Hernandez received 126 deferred stock units as a grant. Each unit equals one share of Class A Common Stock, increasing his aggregate deferred stock unit holdings to 26,966 after the transaction.
Is Roland A. Hernandez buying or selling Fox Corp (FOX) stock in this Form 4?
The Form 4 shows an acquisition through a grant, not an open-market buy or sale. Hernandez received 126 deferred stock units as compensation-related awards, bringing his total deferred stock units to 26,966, all tied to Fox Corp Class A Common Stock.
What do Fox Corp (FOX) deferred stock units represent for Roland A. Hernandez?
Each deferred stock unit represents the equivalent of one share of Fox Corp’s Class A Common Stock. Some units reflect dividend equivalents accrued on earlier awards, and all become payable in stock under the same vesting and payout terms as the underlying deferred units.
When do Roland A. Hernandez’s Fox Corp (FOX) deferred stock units become payable?
The deferred stock units become payable in stock on the earlier of two events. These are the first trading day of the quarter five years after the grant date or the end of Hernandez’s service as a Fox Corp director, according to the filing footnotes.
How many Fox Corp (FOX) deferred stock units does Roland A. Hernandez hold after this filing?
After receiving 126 additional deferred stock units, Roland A. Hernandez holds 26,966 deferred stock units in total. This aggregate figure includes dividend equivalents that accrue and vest on the same terms as the underlying deferred stock unit awards.