Fox Corp (FOX) Chief Legal Adam Ciongoli Receives RSU Award

What Happened Adam G. Ciongoli, Chief Legal and Policy Officer of Fox Corporation (FOX), was granted three derivative awards on September 23, 2026 totaling 267 restricted stock units (RSUs): 67 RSUs, 83 RSUs and 117 RSUs. Each RSU represents the right to one share of FOX Class A common stock and the awards were reported with a $0 acquisition price (standard for RSU compensation grants).

These are awards/compensation (A = award/grant), not open‑market purchases or sales, so they are not a direct purchase signal nor an immediate sale of shares.

Key Details

• Transaction date: 2026-09-23 (reported on Form 4 filed 2026-09-24 — timely filing).
• Grants: 67 RSUs + 83 RSUs + 117 RSUs = 267 RSUs; reported acquisition price $0 per RSU (derivative awards).
• Footnotes:
  • F1: Each RSU converts into one share of Class A common stock upon settlement.
  • F2: Some RSUs include accrued dividend equivalents that vest on the same terms.
  • F3/F5/F6: The three grants have staggered vesting schedules (one grant vested partially in 2025–2027, another vests 2026–2028, and the third vests in equal thirds 2027–2029).
  • F4: Indicates aggregate RSUs held for a specific grant include dividend equivalents.
• Shares owned after transaction: Not specified in the filing for total holdings across all holdings/grants.
• Filing timeliness: Report filed the next day (no late filing indicated).

Context

• These transactions are equity compensation (RSUs) awarded to an executive as part of pay/retention, not market purchases or sales; they typically convert to shares according to the vesting schedule and may be subject to tax withholding at settlement.
• Dividend equivalents accrue on these RSUs and vest on the same schedule as the underlying units.
• For retail investors, such awards indicate executive compensation practices but do not by themselves signal buying or selling interest in the open market.