AZNAR JOSE MARIA 4

What Happened

• José María Aznar, a director of News Corporation (NWS), had deferred stock units (DSUs) that became payable on July 1, 2026. 1,747 DSUs were settled for their cash equivalent and 1,747 share equivalents were disposed to the issuer at $25.78 per share for $45,038 (report shows a disposition to the issuer, i.e., shares surrendered to satisfy withholding or similar). On the same date he received a grant of 1,891 DSUs valued at $25.78 each, totaling $48,750. These are derivative awards (DSUs), not open-market purchases or traditional stock option exercises.

Key Details

• Transaction date: July 1, 2026; filing date: July 2, 2026 (timely).
• Disposition: 1,747 share equivalents surrendered to issuer at $25.78, totaling $45,038.
• Grant/Acquisition: 1,891 deferred stock units valued at $25.78 each, totaling $48,750 (derivative award).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: DSUs were deemed settled for the cash value of an equivalent number of Class A shares; each DSU equals one share; these DSUs become payable in cash on the earlier of the first trading day of the quarter five years after the grant or the director’s end of service.
• Filing timeliness: filed promptly (next day), no late filing indicated.

Context

• These transactions reflect cash settlement of deferred stock units and a contemporaneous grant of new DSUs. The disposition to the issuer typically represents share surrender to satisfy tax withholding or similar obligations, not an open-market sale. The newly granted DSUs are payable in cash under the terms noted in the footnotes and do not represent immediate common stock ownership.