Fox (FOX) President/COO John Nallen Receives Equity Awards

What Happened

• John Nallen, President and Chief Operating Officer of Fox Corporation (FOX), was granted two equity awards on August 11, 2026: 56,015 restricted stock units (RSUs) and 68,536 performance stock options. Both awards were granted at $0.00 (award = no cash paid at grant). Total units granted = 124,551. These are awards (not purchases or sales).

Key Details

• Transaction date: August 11, 2026. Filing date: August 12, 2026 (timely).
• Grant type and counts: 56,015 RSUs (derivative), 68,536 performance stock options (derivative).
• Price at grant: $0.00 (award/grant), reported value at issuance is $0 in the filing context.
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Each RSU represents the contingent right to receive one share of Fox Class A common stock upon vesting.
  • F2: The RSUs vest one‑third on each of Aug 15, 2027, Aug 15, 2028 and Aug 15, 2029.
  • F3: The performance stock options may vest and become exercisable on Aug 11, 2029 if Fox’s Class A share price increases at least 15% over the exercise price for 30 consecutive calendar days during the performance period (through Aug 11, 2029).
• Filing timeliness: Reported the next day — not indicated as late.

Context

• RSUs: These convert into actual shares only as they vest per the schedule (one‑third per year), so they do not represent immediate ownership of shares until vesting occurs.
• Performance options: Vesting is contingent on a specified stock‑price performance test (15% increase for 30 consecutive days); if the performance target is not met, those options may not vest.
• Because these were awards (A) at $0, there was no cash transaction or immediate sale of shares; such executive grants are common as part of compensation and do not, by themselves, indicate the insider is buying or selling shares.