Director at News Corp (NWS) settles and receives deferred units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NEWS CORP director Masroor Siddiqui reported routine equity compensation activity involving deferred stock units tied to Class A Common Stock. On July 1, 2026, 1,747 deferred stock units were exercised into 1,747 Class A shares and then disposed of back to the issuer, with the units deemed settled for the cash value of an equivalent number of shares. Siddiqui also received a grant of 1,891 new deferred stock units at a reference price of $25.78 per underlying share. Each deferred stock unit represents one share equivalent and is payable in cash, generally on the first trading day of the quarter five years after grant or upon the end of service as a director. Following these transactions, Siddiqui held 39,296 deferred stock units and no Class A Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,747 shares exercised/converted
Mixed
4 txns
Insider
Siddiqui Masroor
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 — 1,747 shares (Direct, null)
Footnotes (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.
Key Figures
Shares exercised: 1,747 shares
Shares disposed to issuer: 1,747 shares
New deferred stock units granted: 1,891 units
+3 more
6 metrics
Shares exercised
1,747 shares
Class A Common Stock acquired from deferred stock units on July 1, 2026
Shares disposed to issuer
1,747 shares
Class A Common Stock returned to issuer on July 1, 2026
New deferred stock units granted
1,891 units
Deferred stock unit award referencing $25.78 per underlying share
Deferred units after transactions
39,296 units
Deferred stock units held after July 1, 2026 transactions
Reference share price
$25.78 per share
Price used for deferred stock unit grant and settlement value
Total Class A shares held after
0 shares
Direct Class A Common Stock holdings following disposition to issuer
Key Terms
Deferred Stock Units, Disposition to issuer, dividend equivalents, Class A Common Stock
4 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.
FAQ
What insider transactions did NEWS CORP (NWS) director Masroor Siddiqui report?
Masroor Siddiqui reported exercising 1,747 deferred stock units into 1,747 shares of Class A Common Stock, disposing those shares back to the issuer, and receiving a new grant of 1,891 deferred stock units as part of director compensation.
How many NEWS CORP deferred stock units does Masroor Siddiqui hold after this Form 4?
After these transactions, Masroor Siddiqui holds 39,296 deferred stock units. These units include amounts accrued from dividend equivalents and represent cash-settled equivalents of News Corp’s Class A Common Stock under the company’s director compensation arrangements.
Were Masroor Siddiqui’s NEWS CORP transactions open-market buys or sells?
The reported transactions were not open-market trades. They reflect an exercise and settlement of deferred stock units for cash value and a new award grant, plus a disposition of shares back to the issuer, all tied to director compensation terms.
What price is associated with Masroor Siddiqui’s NEWS CORP deferred stock unit grant?
The new grant of 1,891 deferred stock units references a price of $25.78 per underlying share of Class A Common Stock, providing the basis for the cash value that will be paid when the units become payable under the plan.
When do Masroor Siddiqui’s NEWS CORP deferred stock units become payable?
The deferred stock units generally become payable in cash on the first trading day of the quarter five years after the respective grant date, or earlier if Siddiqui’s service as a director ends, according to the plan terms described in the footnotes.