Fox Corp officer exercises 26,883 RSUs, pays taxes in shares
Fox Corp Chief Legal and Policy Officer Adam G. Ciongoli exercised restricted stock units into 26,883 shares of Class A Common Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Fox Corp Chief Legal and Policy Officer Adam G. Ciongoli exercised restricted stock units into 26,883 shares of Class A Common Stock. Of these, 10,523 shares were delivered at $50.39 per share to cover tax obligations, leaving him with 52,338 directly held shares. The RSUs vested in stages through June 30, 2026.
Insider Trade Summary
26,883 shares exercised/converted
Exercise
3 txns
Insider
Ciongoli Adam G.
Role
Chief Legal and Policy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 26,883 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 26,883 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 10,523 | $50.39 | $530K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 52,338 shares (Direct)
Footnotes (2)
- 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 June 30, 2024, one-third on June 30, 2025 and the remainder of the award vested on June 30, 2026.
Key Figures
RSUs exercised: 26,883 shares
Shares delivered for taxes: 10,523 shares
Direct holdings after transaction: 52,338 shares
+1 more
4 metrics
RSUs exercised
26,883 shares
Converted into Class A Common Stock on June 30, 2026
Shares delivered for taxes
10,523 shares
Tax-withholding disposition at $50.39 per share
Direct holdings after transaction
52,338 shares
Class A Common Stock held directly after June 30, 2026
Tax-withholding price
$50.39 per share
Value used for 10,523-share tax-withholding disposition
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, Class A Common Stock
4 terms
Restricted Stock Units financial
"The restricted stock units vested one-third on June 30, 2024, one-third on June 30, 2025 and the remainder of the award vested on June 30, 2026."
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Class A Common Stock financial
"Each restricted stock unit represents the equivalent of 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Fox Corp (FOX) executive Adam Ciongoli report in this Form 4?
Adam Ciongoli exercised restricted stock units into Class A shares and had some shares withheld for taxes. The filing shows a routine compensation-related transaction, not an open-market purchase or sale of Fox Corp stock.
Were Adam Ciongoli’s Fox Corp (FOX) transactions open-market buys or sells?
No, the transactions were not open-market trades. They involved exercising restricted stock units and a related tax-withholding disposition, where shares were delivered to cover taxes rather than being sold on the open market.
How did Adam Ciongoli’s Fox Corp (FOX) restricted stock units vest?
The restricted stock units vested in three tranches: one-third on June 30, 2024, one-third on June 30, 2025, and the remaining portion on June 30, 2026, according to the footnotes attached to the insider transaction disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates