Pessoa Ana Paula 4

What Happened

• Ana Paula Pessoa, a director of News Corporation (NWS), had deferred stock units (DSUs) settle for cash on April 8, 2026. The filing shows a grant/award of 157 deferred stock units valued at $24.43 each (total ≈ $3,836) and a disposition/withholding of 6 shares at $24.43 each (total $147). The transactions are reported as derivative-related (DSUs/dividend equivalents) and a cash settlement rather than an open-market purchase or sale of newly acquired common shares.

Key Details

• Transaction date: April 8, 2026. Price used for valuation: $24.43 per share.
• Reported items: 157 DSUs awarded (A) — $3,836; 6 shares disposed to issuer (D) — $147 (tax withholding/settlement). Filing also lists exercise/conversion (M) entries related to the DSU mechanics.
• Shares owned after transaction: The filing reports remaining deferred stock units payable in cash under the plan; it does not state a post-transaction count of Class A common shares held outright.
• Notable footnotes:
  • F1/F2/F4: DSUs represent the equivalent of Class A shares and are payable in cash on the earlier of a scheduled payout date (first trading day of the quarter five years after grant) or the director’s end of service.
  • F3/F5: Dividend equivalents on DSUs vested April 1, 2026 and were paid in cash on April 8, 2026; part of the payout appears to have been withheld/settled via disposition of 6 shares.
• Timeliness: Filing dated April 9, 2026 for transactions on April 8, 2026 — appears timely.

Context

• These transactions reflect deferred compensation (DSUs and accrued dividend equivalents) being settled in cash, not a market purchase or long-term buy signal. The disposition to the issuer is consistent with shares/units being withheld or surrendered to satisfy tax withholding obligations on the payout. Transaction codes: A = award/grant, D = disposition to issuer (often tax withholding), M = exercise/conversion of a derivative.