Allen Ruth 4

What Happened Allen Ruth, Chief Human Resources Officer of News Corporation (NWS), was granted stock-settled restricted stock units (RSUs) on April 8, 2026. The Form 4 reports three award entries: 24 RSUs at $24.43 each ($586), 30 RSUs at $24.43 each ($733), and 41 RSUs at $24.43 each ($1,002), for a total of 95 RSUs valued at roughly $2,321. These are awards (transaction code A) and are reported as derivative acquisitions — not open-market purchases or sales.

Key Details

• Transaction date: 2026-04-08; Form filed: 2026-04-09 (timely filing).
• Per-share reference price used in the filing: $24.43.
• Shares/RSUs granted: 24, 30, and 41 (total 95 RSUs); total reported value ≈ $2,321.
• Shares owned after transaction: not specified in this Form 4.
• Footnotes: F1 — each stock-settled RSU equals the economic equivalent of one share of News Corp Class A common stock; F2 — some units represent dividend equivalents accrued on earlier RSUs, payable in shares upon vesting.
• Transaction code: A (award/grant); derivative instrument (RSUs).

Context RSUs are a form of compensation that represent a promise to deliver shares (or share value) in the future if vesting conditions are met; they do not necessarily indicate immediate buying or selling activity. Dividend equivalents accrued on prior RSUs were also converted into share-payable amounts that will be settled upon vesting. Such grants are common for executive compensation and should be interpreted as routine awards rather than direct market bets.