Fox Corp (FOX) Director Roland Hernandez Receives 119-Share Award

What Happened

• Roland A. Hernandez, a director of Fox Corporation (FOX), was granted 119 deferred stock units on 2026-09-23. The grant is reported at $63.96 per unit for a total value of $7,611.
• This transaction is an award/compensation (Form 4 transaction code A) and represents a derivative grant — each deferred stock unit equals one share of Class A common stock but is payable later rather than an immediate open-market purchase.

Key Details

• Transaction date and price: 2026-09-23, 119 units at $63.96 each (total $7,611).
• Transaction type: Award/Grant of deferred stock units (derivative).
• Shares owned after transaction: The filing does not disclose a specific total held after this grant; footnote F4 indicates the reported number reflects the aggregate deferred stock units held, including dividend equivalents, but the filing did not state a consolidated total.
• Notable footnotes:
  • F1: Each deferred stock unit equals one share of FOX Class A common stock.
  • F2: Dividend equivalents accrued on the deferred stock units are also represented as deferred units.
  • F3: Deferred stock units (and dividend-equivalent units) become payable in stock on the earlier of (i) the first trading day of the quarter five years after the grant or (ii) the Reporting Person’s end of service as a director.
  • F4: The reported figure includes aggregate deferred stock units held, including dividend equivalents that vest on the same terms as the underlying units.
• Filing timeliness: Report filed 2026-09-24 for a 2026-09-23 grant — filed within the standard Form 4 window (timely).

Context

• Deferred stock unit grants are typically part of director compensation and are not immediate cash purchases or sales; they do not necessarily indicate the director is buying additional stock on the open market.
• Because these are payable later and include dividend equivalents, they function as a deferred equity payout rather than an immediate change in voting shares or liquidity.