NEWS CORP director logs cash-settled equity moves
NEWS CORP director Jose Maria Aznar reported compensation-related equity movements involving Class A Common Stock and deferred stock units.
Rhea-AI Filing Summary
NEWS CORP director Jose Maria Aznar reported compensation-related equity movements involving Class A Common Stock and deferred stock units.
He exercised 1,747 deferred stock units into an equivalent number of Class A shares and an equal 1,747 shares were disposed to the issuer at a reference price of $25.78, leaving him with 1,087 Class A shares held directly. He also received a grant of 1,891 deferred stock units, and after the exercise and new grant, he held 39,296 deferred stock units in total. Each deferred stock unit represents the cash value of one Class A share and becomes payable in cash on a schedule tied to the grant date or the end of his board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,747 shares exercised/converted
Exercise
4 txns
Insider
AZNAR JOSE MARIA
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units | 1,747 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Units | 1,891 | $25.78 | $49K |
| Exercise | Class A Common Stock | 1,747 | $0.00 | $0.00 |
| Disposition | Class A Common Stock | 1,747 | $25.78 | $45K |
Holdings After Transaction:
Deferred Stock Units — 41,187 contracts (Direct);
Class A Common Stock — 1,087 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. The deferred stock units became payable in cash on July 1, 2026, the first trading day of the quarter five years following the grant.
- 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 become payable in cash 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.
Key Figures
Shares disposed to issuer: 1,747 shares
Reference price per share: $25.78
Shares following common stock transactions: 1,087 shares
+4 more
7 metrics
Shares disposed to issuer
1,747 shares
Class A Common Stock disposition to issuer at $25.78
Reference price per share
$25.78
Used for Class A disposition and deferred stock unit grant
Shares following common stock transactions
1,087 shares
Class A Common Stock held directly after reported transactions
Deferred stock units granted
1,891 units
New deferred stock unit award to director
Deferred stock units exercised
1,747 units
Converted into Class A Common Stock
Deferred stock units outstanding
39,296 units
Total deferred stock units held after grant and exercise
Net buy/sell shares
0 shares
transactionSummary netBuySellShares indicates neutral net share change
Key Terms
Deferred Stock Units, disposition to issuer, exercise or conversion of derivative security, dividend equivalents, +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.
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""
dividend equivalents financial
"including deferred stock units accrued as a result of dividend equivalents that vest on the same terms"
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.
payable in cash financial
"The deferred stock units became payable in cash on July 1, 2026"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did NEWS CORP (NWS) director Jose Maria Aznar report?
Jose Maria Aznar reported exercising 1,747 deferred stock units into Class A Common Stock and disposing 1,747 shares back to the issuer. He also received 1,891 new deferred stock units, reflecting routine director compensation and settlement activity rather than open-market buying or selling.
What are deferred stock units in the context of NEWS CORP (NWS) director compensation?
For NEWS CORP, each deferred stock unit represents the equivalent of one Class A Common share, but is settled in cash rather than stock. These units generally become payable in cash on a set future date or when the director’s board service ends, aligning compensation with long-term performance.
How many deferred stock units does Jose Maria Aznar hold at NEWS CORP (NWS) after this Form 4?
After the reported grant and exercise, Jose Maria Aznar holds 39,296 deferred stock units. These units include amounts accrued from dividend equivalents and are scheduled to be paid in cash according to the company’s director compensation timetable or upon his end of service as a director.
Did Jose Maria Aznar make any open-market purchases or sales of NEWS CORP (NWS) stock?
The transactions reported do not involve open-market purchases or sales. They reflect an exercise of deferred stock units into Class A shares, a disposition of shares back to NEWS CORP, and a new grant of deferred stock units as part of director compensation arrangements.
When do NEWS CORP (NWS) deferred stock units reported by Jose Maria Aznar become payable?
The deferred stock units become payable in cash on the first trading day of the quarter five years after each grant, or earlier if Jose Maria Aznar’s board service ends. This schedule ties the value of his compensation to NEWS CORP’s share performance over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
