Fox (FOX) Chief Legal & Policy Officer Adam Ciongoli Receives Awards

What Happened Adam G. Ciongoli, Fox Corporation's Chief Legal and Policy Officer, received equity awards on August 11, 2026: 25,853 restricted stock units (RSUs) and 31,632 performance stock options. Both grants were recorded at $0.00 (standard for awards) and are derivative awards that may convert into shares if vesting or performance conditions are met. This is an award/grant (compensation), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-08-11; Filing date: 2026-08-12 (timely filing for the reported transaction).
• Grant price: $0.00 for both awards (typical for RSU/option grants).
• Award totals: 25,853 RSUs and 31,632 performance stock options (total 57,485 award units).
• Shares owned after transaction: Not specified in the supplied filing excerpt.
• Footnotes of note:
  • RSUs: each unit represents the right to receive one share of Fox Class A common stock upon vesting.
  • RSU vesting schedule: one‑third vests on each of Aug 15, 2027, Aug 15, 2028, and Aug 15, 2029.
  • Performance options: may vest and become exercisable on Aug 11, 2029 only 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).

Context These awards are compensation-related grants common for senior executives. RSUs convert to actual shares only as they vest; performance options depend on a specified stock-price hurdle and a sustained 30‑day stretch above the target, so they are contingent and not guaranteed to result in share ownership. Grants like these are informative about company compensation but do not by themselves indicate insider buying or selling sentiment.