News Corp (NWS) CAO Marygrace DeGrazio Sells 18,303 Shares

What Happened Marygrace DeGrazio, Chief Accounting Officer of News Corporation (NWS), had stock-settled restricted stock units (RSUs) settle and completed related tax-withholding on August 15, 2026, and then sold shares in the open market on August 17, 2026. The filing shows 15,129 derivative units converted into shares on Aug 15. To satisfy tax withholding, 5,826 shares were withheld (disposed) at $29.16 each (total ≈ $169,886). On Aug 17 she sold 18,303 shares in an open-market transaction at $28.76 per share for proceeds of $526,394.

Key Details

• Transaction dates and prices:
  • Aug 15, 2026: conversion/settlement of 15,129 derivative units (stock-settled RSUs).
  • Aug 15, 2026: 5,826 shares withheld for taxes at $29.16/share (total ≈ $169,886).
  • Aug 15, 2026: grant/award of 14,193 RSUs (new award) at $0.00 (subject to vesting).
  • Aug 17, 2026: open-market sale of 18,303 shares at $28.76/share for $526,394.
• Net effect of the Aug 15 settlement: 15,129 shares settled, 5,826 withheld, leaving 9,303 net shares from that settlement (15,129 − 5,826 = 9,303).
• The Aug 17 sale (18,303 shares) exceeds the net newly acquired 9,303 shares, so some sold shares likely came from existing holdings as well (filing does not itemize sources).
• Footnotes summary:
  • These were stock-settled RSUs (each RSU equals one share) and included accrued dividend equivalents during vesting.
  • Some shares were withheld upon vesting to satisfy tax obligations.
  • A separate RSU grant of 14,193 shares was recorded (part of FY2027 long-term award) and will vest in thirds on Aug 15, 2027–2029.
• Shares owned after the transactions: not specified in the filing.
• Filing: Form 4 lists transactions dated Aug 15 and Aug 17, 2026, filed with accession dated Aug 18, 2026.

Context

• These transactions reflect routine equity compensation activity: settlement of RSUs, withholding of shares to cover taxes, and an open-market sale. Tax-withholding on vesting and subsequent sales are common and do not by themselves indicate a change in insider confidence.
• For derivative/RSU activity: "M" denotes exercise/conversion of a derivative (here, RSU settlement), and "F" denotes shares used to satisfy tax withholding. The sale on Aug 17 was an open-market disposition ("S").
• No 10%‑owner issues or gifts are involved; this appears to be exercise/settlement, withholding for taxes, an award grant, and a routine open‑market sale.