News Corp (NWS) director settles 1,644 units and receives new grant
Rhea-AI Filing Summary
News Corp director Jose Maria Aznar reported compensation-related changes involving deferred stock units tied to Class A Common Stock. On April 1, 2026, he exercised 1,644 deferred stock units into an equivalent number of Class A shares, which were deemed settled for their cash value and returned to the issuer in a matching 1,644-share disposition.
He also received a new award of 1,972 deferred stock units valued at $24.71 per unit, each representing the value of one Class A share and payable in cash under the director plan. Following these transactions, he holds 1,087 Class A shares directly and 40,892 deferred stock units that are scheduled to be paid in cash based on plan timing or upon the end of his board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,644 shares exercised/converted
Exercise
4 txns
Insider
AZNAR JOSE MARIA
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units | 1,644 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Units | 1,972 | $24.71 | $49K |
| Exercise | Class A Common Stock | 1,644 | $0.00 | $0.00 |
| Disposition | Class A Common Stock | 1,644 | $24.71 | $41K |
Holdings After Transaction:
Deferred Stock Units — 40,892 shares (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 April 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
Deferred units exercised: 1,644 units
New deferred unit grant: 1,972 units
Reference price: $24.71 per share
+4 more
7 metrics
Deferred units exercised
1,644 units
Deferred stock units exercised into Class A Common Stock on April 1, 2026
New deferred unit grant
1,972 units
Deferred stock units granted at $24.71 per unit
Reference price
$24.71 per share
Transaction price per share for 1,972-unit grant and 1,644-share disposition
Shares acquired via exercise
1,644 shares
Class A Common Stock from derivative exercise at $0.00 per share
Shares disposed to issuer
1,644 shares
Class A Common Stock returned to issuer at $24.71 per share
Direct Class A holdings
1,087 shares
Class A Common Stock held directly after transactions
Deferred units outstanding
40,892 units
Total deferred stock units held after transactions
Key Terms
Deferred Stock Units, Disposition to issuer, dividend equivalents, Class A Common Stock, +1 more
5 terms
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.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
dividend equivalents financial
"including deferred stock units accrued as a result of dividend equivalents"
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
"equivalent number of shares 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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did News Corp (NWS) director Jose Maria Aznar report?
Jose Maria Aznar exercised 1,644 deferred stock units into Class A Common Stock and simultaneously returned 1,644 shares to News Corp. He also received a new grant of 1,972 deferred stock units as part of his director compensation on April 1, 2026.
How many deferred stock units does Jose Maria Aznar now hold at News Corp (NWS)?
After the reported transactions, Jose Maria Aznar holds 40,892 deferred stock units. Each unit represents the value of one share of News Corp Class A Common Stock and will be settled in cash under the company’s director compensation plan timing rules.
What is the value basis for Jose Maria Aznar’s new deferred stock unit grant at News Corp (NWS)?
The new award covers 1,972 deferred stock units at a reference price of $24.71 per unit. Each unit tracks the value of one News Corp Class A share and will be paid in cash according to the director compensation plan’s payout schedule.
How and when are Jose Maria Aznar’s News Corp deferred stock units paid out?
The deferred stock units are paid in cash, not stock. They generally become payable on the first trading day of the quarter five years after the grant date, or earlier if Aznar’s service as a News Corp director ends, following the plan’s terms.