AZNAR JOSE MARIA 4

4 · NEWS CORP · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

News Corp (NWS) Director Jose Maria Aznar Sells 1,644 Shares, Receives Award

What Happened

Jose Maria Aznar, a director of News Corporation (NWS), had 1,644 deferred stock units converted/settled for cash on April 1, 2026, resulting in a cash disposition to the issuer of $40,623 (1,644 × $24.71). On the same date he was granted 1,972 deferred stock units valued at $48,728 (1,972 × $24.71). The settlement and the new award are derivative-related transactions (codes M, D and A).

Key Details

Transaction date: April 1, 2026.
Cash settlement/disposition: 1,644 deferred units settled at $24.71 per share for $40,623 (Disposition to issuer, code D).
Grant/award: 1,972 deferred stock units granted at $24.71 each, total value $48,728 (code A).
Derivative conversion: exercise/conversion entries (code M) reflect conversion/settlement of deferred units; one M entry shows acquisition (conversion) and another shows disposition as part of settlement.
Shares owned after transaction: not specified in the filing.
Filing timeliness: no late-filing indication in the report.

Context

These were deferred stock unit (DSU) transactions — the DSUs represent the economic equivalent of common shares but are payable in cash. Footnotes clarify: each DSU equals one share; certain DSUs were deemed settled for cash; and the newly reported DSUs become payable in cash on the earlier of the first trading day of the quarter five years after grant or the director’s end of service. This is effectively a cash settlement of vested deferred units combined with a new deferred-unit award (a routine compensation-related transaction), not an open-market buy or sale by the director.

Form 4

Period: 2026-04-01

Director

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-04-01+1,644→ 2,731 total
Disposition to Issuer
Class A Common Stock
2026-04-01$24.71/sh−1,644$40,623→ 1,087 total
Exercise/Conversion
Deferred Stock Units
[F2][F1][F3][F4]
2026-04-01−1,644→ 38,920 total
→ Class A Common Stock (1,644 underlying)
Award
Deferred Stock Units
[F2][F5][F4]
2026-04-01$24.71/sh+1,972$48,728→ 40,892 total
→ Class A Common Stock (1,972 underlying)

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.

Signature

/s/ Kenneth C. Mertz as Attorney-in-Fact for Jose Maria Aznar|2026-04-02

1 file