Fox Corp (FOX) legal chief granted new restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ciongoli Adam G. reported acquisition or exercise transactions in this Form 4 filing.
Fox Corp Chief Legal and Policy Officer Adam G. Ciongoli reported several compensation-related awards of restricted stock units on Class A Common Stock. Each unit equals one share and includes dividend-equivalent accruals. The RSUs vest in stages between June 30, 2026 and August 15, 2028, adding to his long-term equity-based incentives rather than reflecting any market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Ciongoli Adam G.
Role
Chief Legal and Policy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 128 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 122 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 142 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 131 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 26,883 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents the equivalent of one share of Fox Corporation's Class A Common Stock. Represents dividend equivalents accrued with respect to restricted stock units. The restricted stock units vested one-third on June 30, 2024, one-third on June 30, 2025 and the remainder of the award will vest on June 30, 2026. Represents the aggregate number of restricted stock units with respect to a specific grant that are held by the Reporting Person, including dividend equivalents accrued that vest on the same terms as the respective underlying restricted stock units. The restricted stock units vested one-third on August 15, 2024, one-third on August 15, 2025 and the remainder of the award will vest on August 15, 2026. The restricted stock units vested one-third on August 15, 2025, will vest one-third on August 15, 2026 and the remainder of the award will vest on August 15, 2027. The restricted stock units will vest one-third on each of August 15, 2026, August 15, 2027 and August 15, 2028.
FAQ
What insider transaction did Fox Corp (FOX) report for Adam G. Ciongoli?
Fox Corp reported that Chief Legal and Policy Officer Adam G. Ciongoli received several awards of restricted stock units. These are equity-based compensation grants, not open-market share purchases or sales, and each unit is linked to Fox Class A Common Stock.
How many restricted stock units did Adam G. Ciongoli receive in this Fox (FOX) filing?
The filing shows multiple small awards of restricted stock units, each recorded separately. Every unit represents one share of Fox Class A Common Stock, including related dividend-equivalent accruals, and collectively they modestly increase his equity-based compensation position.
What do the Fox Corp (FOX) restricted stock units represent in this Form 4?
Each restricted stock unit represents the equivalent of one share of Fox Corporation’s Class A Common Stock. Some units reflect dividend equivalents that accrue on existing RSU grants and vest on the same schedule as the underlying restricted stock awards.
When will Adam G. Ciongoli’s Fox (FOX) restricted stock units vest?
The restricted stock units vest in stages over several years. Specific tranches vest on June 30, 2026, and on August 15 of 2024, 2025, 2026, 2027, and 2028, aligning with the original grant terms for each RSU award.
Are the Fox Corp (FOX) transactions open-market buys or sells?
No. The transactions are coded as awards of restricted stock units, classified as grant or award acquisitions. They are part of Adam G. Ciongoli’s equity compensation and do not involve buying or selling Fox Class A Common Stock in the open market.
Do dividend equivalents play a role in this Fox (FOX) Form 4?
Yes. The filing states that some reported restricted stock units represent dividend equivalents accrued on existing RSU grants. These dividend-equivalent units vest on the same schedule as the related underlying restricted stock units already held.