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Lachlan Murdoch (NWS) reports deferred stock unit grant and share disposal

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NEWS CORP director Lachlan K. Murdoch reported routine equity-related compensation activity involving deferred stock units and Class A shares. He received a grant of 157 deferred stock units at a reference value of $24.43 per unit, each representing one share of Class A Common Stock and settling in cash rather than stock.

He also exercised 6 deferred stock units at a conversion price of $0.00 into 6 shares of Class A Common Stock and then disposed of those 6 shares back to the issuer at $24.43 per share. Following these transactions, he holds 114 Class A shares directly and 41,049 deferred stock units that are payable in cash under the plan’s terms.

Positive

  • None.

Negative

  • None.
Insider MURDOCH LACHLAN K
Role Director
Type Security Shares Price Value
Grant/Award Deferred Stock Units 157 $24.43 $4K
Exercise Deferred Stock Units 6 $0.00 --
Exercise Class A Common Stock 6 $0.00 --
Disposition Class A Common Stock 6 $24.43 $146.58
Holdings After Transaction: Deferred Stock Units — 41,049 shares (Direct); Class A Common Stock — 120 shares (Direct)
Footnotes (1)
  1. 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. Each deferred stock unit represents the equivalent of one share of News Corporation's Class A Common Stock. 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. 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. 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.
Deferred stock units granted 157 units Grant of deferred stock units on April 8, 2026
Reference unit value $24.43 per unit Value used for 157 deferred stock units
Deferred units exercised 6 units Exercise of deferred stock units into Class A shares
Shares disposed to issuer 6 shares Disposition of Class A shares at $24.43 per share
Class A shares after transactions 114 shares Direct Class A Common Stock holdings post-transaction
Deferred stock units after transactions 41,049 units Aggregate deferred stock units held after April 8, 2026
Derivative exercises in filing 1 exercise, 6 shares Exercise-and-dispose pattern reported in transaction summary
Deferred Stock Units financial
"The deferred stock units were deemed to have settled for the cash value..."
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""
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
MURDOCH LACHLAN K
(Last)(First)(Middle)
C/O NEWS 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
NEWS CORP [ NWS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock04/08/2026M6A(1)120D
Class A Common Stock04/08/2026D6D$24.43114D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Units(2)04/08/2026A157 (3) (3)Class A Common Stock157$24.4341,049(4)D
Deferred Stock Units(2)04/08/2026M6 (5) (5)Class A Common Stock6(1)41,043(4)D
Explanation of Responses:
1. 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.
2. Each deferred stock unit represents the equivalent of one share of News Corporation's Class A Common Stock.
3. 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.
4. 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.
5. 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.
Remarks:
/s/ Kenneth C. Mertz as Attorney-in-Fact for Lachlan K. Murdoch04/09/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Lachlan K. Murdoch report at NEWS CORP (NWS)?

Lachlan K. Murdoch reported a grant of 157 deferred stock units and related movements in 6 shares of Class A Common Stock. These transactions reflect routine director compensation and plan mechanics, not open-market buying or selling of NEWS CORP stock.

What are the key details of the deferred stock unit grant for NWS director Murdoch?

Murdoch received 157 deferred stock units valued at $24.43 per unit, each equivalent to one Class A share. The units are cash-settled and tied to director service, with amounts influenced by dividend equivalents accrued under NEWS CORP’s deferred compensation arrangements.

How many NEWS CORP Class A shares does Lachlan Murdoch hold after this Form 4?

After the reported transactions, Murdoch directly holds 114 shares of NEWS CORP Class A Common Stock. He also holds 41,049 deferred stock units, which represent cash-settled equivalents of Class A shares payable under plan terms at future specified dates or upon service ending.

Did Lachlan Murdoch buy or sell NEWS CORP shares on the open market?

The filing shows no open-market purchases or sales. The only share disposition is a 6-share transaction coded as a disposition to the issuer, linked to exercising deferred stock units. The main activity reflects compensation and plan settlement mechanics rather than discretionary market trading.

How do dividend equivalents affect Murdoch’s deferred stock units at NEWS CORP?

Dividend equivalents accrue on previously granted deferred stock units, increasing the total units Murdoch holds. These dividend-based units vest and become payable in cash on the same terms as the underlying awards, including specific vesting dates and director service-based payment triggers described in the plan.

When will Lachlan Murdoch’s NEWS CORP deferred stock units be paid out?

The filing states his deferred stock units become payable in cash on the earlier of two events: the first trading day of the quarter five years after each respective grant, or the end of his service as a NEWS CORP director. Specific grants follow these timing rules.