News Corp (NWS) HR chief receives new stock‑settled RSU awards

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Allen Ruth reported acquisition or exercise transactions in this Form 4 filing.

News Corp Chief Human Resources Officer Ruth Allen received small stock-based awards tied to existing equity grants. On April 8, 2026, she was granted stock-settled restricted stock units covering 24, 30, and 41 units, each economically equivalent to one share of News Corp Class A Common Stock at a reference value of $24.43 per share.

The filing explains that some of these stock-settled restricted stock units represent dividend equivalents accrued on previously granted units, which will be paid in shares when the underlying awards vest. Following these awards, her reported holdings in these stock-settled restricted stock units reached up to 10,144 units, reflecting routine compensation-related equity accruals rather than open-market trading.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Allen Ruth

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock-Settled Restricted Stock Units	24	$24.43	$586.32
Grant/Award	Stock-Settled Restricted Stock Units	30	$24.43	$732.90
Grant/Award	Stock-Settled Restricted Stock Units	41	$24.43	$1K

Holdings After Transaction: Stock-Settled Restricted Stock Units — 5,927 shares (Direct)

Footnotes (1)

Each stock-settled restricted stock unit is the economic equivalent of one share of News Corporation Class A Common Stock. Represents dividend equivalents accrued with respect to stock-settled restricted stock units previously granted, which become payable in shares upon vesting of the underlying stock-settled restricted stock units.

Key Figures

RSU grant 1: 24 units RSU grant 2: 30 units RSU grant 3: 41 units +2 more

5 metrics

RSU grant 1 24 units Stock-settled restricted stock units granted on April 8, 2026

RSU grant 2 30 units Additional stock-settled restricted stock units on April 8, 2026

RSU grant 3 41 units Third block of stock-settled restricted stock units on April 8, 2026

Reference price per unit $24.43 per unit Reported transaction price for each RSU block

Holdings after largest grant 10,144 units Total stock-settled restricted stock units following final reported award

Key Terms

Stock-Settled Restricted Stock Units, dividend equivalents, Class A Common Stock

3 terms

Stock-Settled Restricted Stock Units financial

"Each stock-settled restricted stock unit is the economic equivalent of one share"

dividend equivalents financial

"Represents dividend equivalents accrued with respect to stock-settled restricted 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.

Class A Common Stock financial

"economic equivalent of one share of News Corporation 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.

Form 4 Insider Transactions: What Each Field Means →

04/09/2026 - 04:27 PM

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

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^*

Allen Ruth

(Last)

(First)

(Middle)

C/O NEWS CORPORATION

1211 AVENUE OF THE AMERICAS

(Street)

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock-Settled Restricted Stock Units	⁽¹⁾	04/08/2026		A		24		⁽²⁾	⁽²⁾	Class A Common Stock	24	$24.43	5,927	D
Stock-Settled Restricted Stock Units	⁽¹⁾	04/08/2026		A		30		⁽²⁾	⁽²⁾	Class A Common Stock	30	$24.43	7,436	D
Stock-Settled Restricted Stock Units	⁽¹⁾	04/08/2026		A		41		⁽²⁾	⁽²⁾	Class A Common Stock	41	$24.43	10,144	D

Explanation of Responses:

1. Each stock-settled restricted stock unit is the economic equivalent of one share of News Corporation Class A Common Stock.

2. Represents dividend equivalents accrued with respect to stock-settled restricted stock units previously granted, which become payable in shares upon vesting of the underlying stock-settled restricted stock units.

Remarks:

	/s/ Kenneth C. Mertz as Attorney-in-Fact for Ruth Allen	04/09/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did News Corp (NWS) executive Ruth Allen report in this Form 4?

Ruth Allen reported receiving several small grants of stock-settled restricted stock units. These units are part of her equity compensation and mirror one share of Class A Common Stock each, reflecting routine awards rather than open-market buying or selling activity.

How many stock-settled restricted stock units did Ruth Allen receive at News Corp (NWS)?

Ruth Allen received three separate blocks of stock-settled restricted stock units: 24 units, 30 units, and 41 units. Each unit is economically equivalent to one share of News Corp Class A Common Stock as part of her ongoing equity compensation package.

What is the reference price for Ruth Allen’s stock-settled restricted stock units at News Corp (NWS)?

The reported reference price for each block of stock-settled restricted stock units is $24.43 per unit. This price is used for reporting purposes and reflects the value assigned to the awards rather than a cash transaction or open-market purchase.

How many stock-settled restricted stock units does Ruth Allen hold after these grants at News Corp (NWS)?

After the reported grants, Ruth Allen’s holdings in stock-settled restricted stock units reached up to 10,144 units. This total reflects her accumulated compensation-related awards and shows her continuing equity interest in News Corp through restricted stock units.

What are dividend equivalents on News Corp (NWS) stock-settled restricted stock units?

Dividend equivalents are credits that mirror cash dividends on underlying shares, accrued on existing restricted stock units. At News Corp, these dividend equivalents become payable in additional shares when the underlying stock-settled restricted stock units vest, increasing the total share-based compensation received.

Are Ruth Allen’s reported transactions in News Corp (NWS) shares open-market trades?

No, the reported transactions are grants of stock-settled restricted stock units and related dividend equivalents. They are compensation-related equity awards rather than open-market purchases or sales, so they do not represent discretionary trading in News Corp shares by Ruth Allen.