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Lachlan Murdoch (NWS) reports Class A share disposition and new deferred stock units

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

Rhea-AI Filing Summary

NEWS CORP director Lachlan K. Murdoch reported compensation-related stock transactions involving Class A Common Stock and deferred stock units. He exercised 1,747 deferred stock units into 1,747 shares of Class A Common Stock and, in a related disposition to the issuer, transferred 1,747 shares at $25.78 per share, leaving 114 Class A shares held directly.

He also received a grant of 1,891 deferred stock units, each representing the equivalent of one share of Class A Common Stock. After these changes, he held 39,296 deferred stock units, which are payable in cash based on News Corp’s Class A share value under the timing terms described in the award.

Positive

  • None.

Negative

  • None.
Insider MURDOCH LACHLAN K
Role null
Type Security Shares Price Value
Exercise Deferred Stock Units 1,747 $0.00 --
Grant/Award Deferred Stock Units 1,891 $25.78 $49K
Exercise Class A Common Stock 1,747 $0.00 --
Disposition Class A Common Stock 1,747 $25.78 $45K
Holdings After Transaction: Deferred Stock Units — 39,296 shares (Direct, null); Class A Common Stock — 1,861 shares (Direct, null)
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. The deferred stock units became payable in cash on July 1, 2026, the first trading day of the quarter five years following the grant. 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 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.
Shares disposed to issuer 1,747 shares Class A Common Stock disposition to issuer at $25.78 per share
Disposition price $25.78 per share Price for 1,747 Class A shares disposed to issuer
Shares held after transactions 114 shares Direct holdings of News Corp Class A Common Stock after Form 4 events
New deferred stock units granted 1,891 units Deferred stock unit grant referencing Class A Common Stock
Deferred stock units exercised 1,747 units Deferred stock units converted into Class A Common Stock
Deferred stock units after changes 39,296 units Aggregate deferred stock units held following reported transactions
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""
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.
Class A Common Stock financial
"Each deferred stock unit represents the equivalent of one share 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.
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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)
07/01/2026		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 Stock07/01/2026M1,747A(1)1,861D
Class A Common Stock07/01/2026D1,747D$25.78114D
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)07/01/2026M1,747 (3) (3)Class A Common Stock1,747(1)39,296(4)D
Deferred Stock Units(2)07/01/2026A1,891 (5) (5)Class A Common Stock1,891$25.7841,187(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. The deferred stock units became payable in cash on July 1, 2026, the first trading day of the quarter five years following the grant.
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 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.
Remarks:
/s/ Kenneth C. Mertz as Attorney-in-Fact for Lachlan K. Murdoch07/02/2026
** 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 did Lachlan K. Murdoch report in this NEWS CORP (NWS) Form 4?

Lachlan K. Murdoch reported exercising 1,747 deferred stock units into 1,747 Class A shares, then disposing 1,747 shares back to the issuer at $25.78 per share. He also received 1,891 new deferred stock units tied to News Corp’s Class A Common Stock value.

How many NEWS CORP Class A shares does Lachlan K. Murdoch hold after these transactions?

After the reported Form 4 transactions, Lachlan K. Murdoch directly holds 114 shares of News Corp Class A Common Stock. The filing also shows he holds a separate balance of deferred stock units that reference the value of additional Class A shares.

What deferred stock unit activity did Lachlan K. Murdoch report for NEWS CORP (NWS)?

He reported a grant of 1,891 deferred stock units and the exercise or conversion of 1,747 deferred stock units. After these changes, his aggregate deferred stock unit holdings were 39,296 units, each representing the equivalent of one share of Class A Common Stock payable in cash.

Do deferred stock units reported by Lachlan K. Murdoch in NWS give him NEWS CORP shares?

Each deferred stock unit represents the equivalent of one Class A share, but the filing states these units settle in cash. The units become payable in cash based on News Corp’s Class A share value under specified timing conditions linked to grant dates and board service.

At what price were Lachlan K. Murdoch’s NEWS CORP shares disposed to the issuer?

The Form 4 shows a disposition to the issuer of 1,747 Class A Common Stock shares at $25.78 per share. This disposition followed the exercise or conversion of 1,747 deferred stock units into the same number of Class A shares on the same reported transaction date.

When do Lachlan K. Murdoch’s deferred stock units in NEWS CORP become payable?

The filing states the reported deferred stock units become payable in cash on the earlier of the first trading day of the quarter five years after each respective grant, or the end of Lachlan K. Murdoch’s service as a News Corp director, according to the award terms.