News Corp (NWS) awards 77,959 performance units to General Counsel
Rhea-AI Filing Summary
Pitofsky David B reported acquisition or exercise transactions in this Form 4 filing.
News Corp reported that General Counsel David B. Pitofsky received a grant of 77,959 stock-settled performance stock units, each economically equivalent to one share of Class A Common Stock. The award was granted after achievement of pre-determined performance measures over a three-year performance period and will vest on August 15, 2026, leaving Pitofsky with 77,959 such units held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pitofsky David B
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock-Settled Performance Stock Units F1, F2 | 77,959 | -- | -- |
Holdings After Transaction:
Stock-Settled Performance Stock Units — 77,959 shares (Direct)
Footnotes (2)
- F1. Each stock-settled performance stock unit is the economic equivalent of one share of News Corporation's Class A Common Stock.
- F2. The stock-settled performance stock units were granted to the Reporting Person after the achievement of pre-determined performance measures over the three-year performance period and shall vest on August 15, 2026.
Key Figures
Performance Stock Units Granted: 77,959 units
Underlying Class A Common Stock: 77,959 shares
Vesting Date: August 15, 2026
+1 more
4 metrics
Performance Stock Units Granted
77,959 units
Stock-settled performance stock units granted on 2026-08-04
Underlying Class A Common Stock
77,959 shares
Each unit is the economic equivalent of one share of Class A Common Stock
Vesting Date
August 15, 2026
Units vest on August 15, 2026 after the performance period
Total PSUs Following Grant
77,959 units
Total stock-settled performance stock units held directly after the transaction
Key Terms
Stock-Settled Performance Stock Units, Class A Common Stock, performance period, economic equivalent
4 terms
Stock-Settled Performance Stock Units financial
"The stock-settled performance stock units were granted to the Reporting Person"
Class A Common Stock financial
"economic 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.
performance period financial
"after the achievement of pre-determined performance measures over the three-year performance period"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
economic equivalent financial
"Each stock-settled performance stock unit is the economic equivalent of one share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did News Corp (NWS) report for David B. Pitofsky?
News Corp reported that General Counsel David B. Pitofsky received a grant of 77,959 stock-settled performance stock units. These units are equity compensation rather than an open-market stock purchase or sale.
How many performance stock units did News Corp (NWS) grant to its General Counsel?
News Corp granted 77,959 stock-settled performance stock units to its General Counsel, David B. Pitofsky. Following this grant, he holds 77,959 such units directly, all tied to the company’s Class A Common Stock.
What do the granted units represent for News Corp (NWS) General Counsel?
Each granted unit is the economic equivalent of one share of News Corp’s Class A Common Stock. When settled and vested, the units effectively mirror the value of Class A shares on a one-for-one basis.
When do David B. Pitofsky’s News Corp (NWS) performance units vest?
The stock-settled performance stock units shall vest on August 15, 2026. Vesting occurs after the completion of the three-year performance period tied to pre-determined performance measures.
Were News Corp (NWS) performance units granted based on performance conditions?
Yes. The units were granted after achievement of pre-determined performance measures over a three-year performance period. This means the award reflects performance goals met before the grant date.