Fox Corp (FOX) CFO receives new restricted stock unit awards

Rhea-AI Filing Summary

Tomsic Steven reported acquisition or exercise transactions in this Form 4 filing.

Fox Corp Chief Financial Officer Steven Tomsic reported compensation-related equity awards in the form of restricted stock units (RSUs). On March 25, 2026, he received three RSU awards and related dividend-equivalent units, including 131, 74 and 142 units tied to Class A Common Stock.

The footnotes explain that each RSU equals one share of Class A Common Stock and that some units represent dividend equivalents that vest on the same schedule as the underlying RSUs. Vesting for these grants is staggered, with tranches vesting on August 15 of 2025, 2026, 2027 and 2028, aligning the CFO’s incentives with long-term shareholder value rather than near-term trading.

Insights

Executive compensation analyst

Routine RSU grants to Fox Corp’s CFO align pay with long-term equity.

The filing shows Steven Tomsic, Fox Corp’s Chief Financial Officer, receiving RSU awards and related dividend-equivalent units. These are labeled as grants or awards, not open-market purchases or sales, and therefore represent standard equity-based compensation rather than a trading decision.

Each unit corresponds to one share of Class A Common Stock, with vesting spread across August 15 in 2025, 2026, 2027 and 2028. Such multi-year vesting structures are designed to keep senior executives focused on longer-term company performance.

There are no derivative positions reported as remaining in the derivative summary beyond these RSU holdings, and no indication of a Rule 10b5-1 trading plan or discretionary stock sales. Overall, this looks like routine, non-market compensation with limited direct signaling value for investors.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tomsic Steven

(Last) (First) (Middle)

C/O FOX CORPORATION

1211 AVENUE OF THE AMERICAS

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Fox Corp [ FOX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/25/2026		A		74(2)		(3)	(3)	Class A Common Stock	74	$0	15,569(4)	D
Restricted Stock Units	(1)	03/25/2026		A		142(2)		(5)	(5)	Class A Common Stock	142	$0	29,957(4)	D
Restricted Stock Units	(1)	03/25/2026		A		131(2)		(6)	(6)	Class A Common Stock	131	$0	27,519(4)	D

Explanation of Responses:

1. Each restricted stock unit represents the equivalent of one share of Fox Corporation's Class A Common Stock.

2. Represents dividend equivalents accrued with respect to restricted stock units.

3. 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.

4. 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.

5. 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.

6. The restricted stock units will vest one-third on each of August 15, 2026, August 15, 2027 and August 15, 2028.

Remarks:

	/s/ Laura A. Cleveland as Attorney-in-Fact for Steven Tomsic	03/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did Fox Corp (FOX) disclose for CFO Steven Tomsic?

Fox Corp disclosed that CFO Steven Tomsic received grants of restricted stock units and related dividend-equivalent units. These are equity-based compensation awards, not open-market stock purchases or sales, and are tied to Fox Corporation’s Class A Common Stock with multi-year vesting schedules.

How many restricted stock unit grants were reported for the Fox Corp CFO?

The filing shows three separate restricted stock unit entries for Steven Tomsic, including awards of 131, 74 and 142 units. Each restricted stock unit represents the equivalent of one share of Fox Corporation’s Class A Common Stock, according to the accompanying footnote disclosure.

What do the Fox Corp CFO’s dividend-equivalent restricted stock units represent?

Some of the reported units represent dividend equivalents accrued on existing restricted stock units. According to the footnotes, these dividend-equivalent units vest on the same terms and schedule as the underlying restricted stock units, effectively mirroring the economic value of cash dividends in stock-based form.

What are the vesting dates for Steven Tomsic’s Fox Corp restricted stock units?

The footnotes state that different grants vest in thirds on August 15 of various years. Portions vested or will vest on August 15, 2024 and 2025, with remaining tranches scheduled for August 15, 2026, 2027 and 2028, creating a staggered, multi-year vesting profile.

Does the Fox Corp Form 4 show the CFO buying or selling FOX shares in the market?

No open-market purchases or sales are reported. The transactions are coded as grants or awards of restricted stock units, with a transaction price of zero, indicating compensation grants rather than discretionary buying or selling of Fox Corp Class A Common Stock in the market.

How does the Fox Corp CFO’s RSU compensation align with shareholder interests?

The RSU awards tie a portion of the CFO’s compensation directly to Fox Corp’s Class A Common Stock over several years. Because units vest over future dates through 2028, the structure encourages a longer-term focus on company performance and share value rather than short-term stock movements.