News Corp director granted deferred stock units
News Corp director Jose Maria Aznar reported routine compensation-related transactions involving deferred stock units linked to Class A Common Stock.
Rhea-AI Filing Summary
News Corp director Jose Maria Aznar reported routine compensation-related transactions involving deferred stock units linked to Class A Common Stock. He received a grant of 157 deferred stock units at $24.43 per unit and exercised 6 deferred stock units into 6 Class A shares, which were then returned to the issuer at $24.43 per share.
Each deferred stock unit represents the value of one Class A share but is settled in cash, not stock, including dividend-equivalent units. After these transactions, Aznar holds 41,043 deferred stock units and 1,087 Class A Common shares directly, reflecting ongoing board compensation rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 shares exercised/converted
Exercise
4 txns
Insider
AZNAR JOSE MARIA
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 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. 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 unit grant: 157 units at $24.43
Deferred stock units exercised: 6 units
Shares disposed to issuer: 6 shares at $24.43
+3 more
6 metrics
Deferred stock unit grant
157 units at $24.43
Director grant of deferred stock units on April 8, 2026
Deferred stock units exercised
6 units
Converted into 6 Class A Common shares on April 8, 2026
Shares disposed to issuer
6 shares at $24.43
Class A Common Stock disposition to issuer on April 8, 2026
Deferred stock units held
41,043 units
Deferred stock units held directly after transactions
Class A shares held
1,087 shares
Direct Class A Common Stock holdings after transactions
Exercise price of DSUs
$0.00
Deferred stock units exercised at zero conversion price
Key Terms
Deferred Stock Units, dividend equivalents, disposition to issuer, underlying deferred stock units, +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"
underlying deferred stock units financial
"become payable in cash upon vesting of the underlying deferred stock units"
deferred stock units become payable in cash financial
"The reported deferred stock units become payable in cash on the earlier of specified dates"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did News Corp (NWS) director Jose Maria Aznar report on this Form 4?
He reported routine compensation transactions, including a grant of 157 deferred stock units at $24.43 and the exercise and return of 6 Class A shares to the issuer, all tied to his director pay program.
What are deferred stock units in the News Corp (NWS) director plan?
Each deferred stock unit represents the cash value of one Class A share. Units, including dividend-equivalent accruals, are payable in cash on a set future date or when the director’s board service ends, rather than being settled in actual shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
