Fox (FOX) Director Margaret L. Johnson Receives 66-Share Award

What Happened

• Margaret L. Johnson, a director of Fox Corporation (FOX), was granted 66 deferred stock units (DSUs) on 2026-09-23. The award was reported at $63.96 per share, with an aggregate grant value of $4,221. This was an award/grant (derivative security), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-23; filing date: 2026-09-24 (timely Form 4 filing).
• Grant: 66 deferred stock units at $63.96 per unit; total reported value $4,221.
• Shares owned after transaction: not specified in the filing.
• Nature of the instrument: deferred stock units (DSUs) that represent the economic equivalent of one Class A share each (see footnote F1).
• Dividend equivalents: the grant includes dividend-equivalent DSUs that accrue and become payable in stock on the same terms as the underlying DSUs (F2, F3).
• Payout timing: DSUs become payable in stock on the earlier of (i) the first trading day of the quarter five years after the grant or (ii) the director’s end of service (F3).
• Aggregate holdings: the filing notes that reported DSUs include accrued dividend equivalents and are aggregated per plan terms (F4).

Context

• DSUs are commonly used to defer director compensation and do not represent an immediate market buy or sell. Because the units convert to stock only upon payout conditions, the grant alone is a compensation event rather than a direct trading signal.