News Corp (NWS) director Bancroft granted deferred stock units, settles cash
Rhea-AI Filing Summary
NEWS CORP director Natalie Bancroft reported routine compensation-related equity activity involving deferred stock units tied to Class A Common Stock. She received a grant of 157 deferred stock units on April 8, 2026, with each unit representing the equivalent of one share of Class A Common Stock and becoming payable in cash under the terms described.
On the same date, 6 deferred stock units, including dividend equivalents that had vested, were exercised into 6 shares of Class A Common Stock at a conversion price of $0.00 per share and then disposed of to the issuer at $24.43 per share for cash value. Following these transactions, she held 41,049 deferred stock units, which are payable in cash at specified future times.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 shares exercised/converted
Exercise
4 txns
Insider
BANCROFT NATALIE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 157 | $24.43 | $4K |
| Exercise | Deferred Stock Units | 6 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 6 | $0.00 | $0.00 |
| Disposition | Class A Common Stock | 6 | $24.43 | $146.58 |
Holdings After Transaction:
Deferred Stock Units — 41,043 shares (Direct);
Class A Common Stock — 0 shares (Direct)
Footnotes (5)
- F1. The deferred stock units were deemed to have settled for the cash value of an equivalent number of shares of News Corporation's Class A Common Stock.
- F2. Each deferred stock unit represents the equivalent of one share of News Corporation's Class A Common Stock.
- F3. Represents dividend equivalents accrued with respect to deferred stock units previously granted, which become payable in cash upon vesting of the underlying deferred stock units.
- F4. Represents the aggregate number of deferred stock units held by the Reporting Person, including deferred stock units accrued as a result of dividend equivalents that vest on the same terms as the respective underlying deferred stock units. The reported deferred stock units become payable in cash on the earlier of (i) the first trading day of the quarter five years following the respective grant and (ii) the Reporting Person's end of service as a Director.
- F5. The deferred stock units, which represent dividend equivalents accrued on deferred stock units held as of the dividend record date that vested on April 1, 2026, became payable in cash on the dividend payment date of April 8, 2026.
Key Figures
Deferred stock units granted: 157 units
Implied grant value per unit: $24.43 per unit
Deferred stock units exercised: 6 units
+3 more
6 metrics
Deferred stock units granted
157 units
Grant on April 8, 2026
Implied grant value per unit
$24.43 per unit
Deferred stock unit grant reference value
Deferred stock units exercised
6 units
Converted into Class A Common Stock
Exercise price
$0.00 per share
Conversion of deferred stock units into shares
Disposition price to issuer
$24.43 per share
6 Class A shares disposed to issuer
Deferred stock units held after transactions
41,049 units
Total deferred stock units following April 8, 2026
Key Terms
Deferred Stock Units, dividend equivalents, disposition to issuer, Exercise or conversion of derivative security, +1 more
5 terms
Deferred Stock Units financial
"The deferred stock units were deemed to have settled for the cash value of an equivalent number of shares"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend equivalents financial
"Represents dividend equivalents accrued with respect to deferred stock units previously granted"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Class A Common Stock financial
"Each deferred stock unit represents the equivalent of one share of News 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Natalie Bancroft report in her latest Form 4 for NEWS CORP (NWS)?
Natalie Bancroft reported routine director compensation activity, receiving 157 deferred stock units and settling 6 units for cash equal to Class A shares at $24.43. These transactions involved no open-market buying or selling of NEWS CORP stock.
How many deferred stock units does Natalie Bancroft hold in NEWS CORP (NWS) after this filing?
After these transactions, Natalie Bancroft held 41,049 deferred stock units. Each unit represents the equivalent of one share of NEWS CORP Class A Common Stock, with payout in cash at specified future dates or upon her end of service as a director.
What is the nature of the 157 deferred stock units granted to Natalie Bancroft at NEWS CORP (NWS)?
The 157 deferred stock units are a grant reported as a compensation-related award. Each unit equals one share of Class A Common Stock and will be settled in cash on defined future dates or when Bancroft’s service as a director ends, rather than as delivered shares.
What do the dividend equivalents on deferred stock units mean for NEWS CORP (NWS) director Natalie Bancroft?
Dividend equivalents are additional deferred stock units credited based on dividends on existing units. For Bancroft, these dividend equivalents vest on the same terms as the underlying units and become payable in cash, as shown by 6 units vesting and being settled on April 8, 2026.