News Corp (NWS) CTO Julian Delany Exercises RSUs, Sells 1,747 Shares

What Happened

• Julian Delany, Chief Technology Officer of News Corporation (NWS), exercised/conversion of cash- and stock-settled restricted stock units (RSUs) covering a total of 9,570 share equivalents on Aug 15, 2026. Of those, 4,670 shares were withheld to cover tax obligations (payment), 3,153 shares were surrendered/returned to the issuer, and 1,747 shares were sold in the open market on Aug 17, 2026 for $28.72 per share, generating $50,174 in proceeds.
• In the same filing Delany received a grant of 10,287 stock-settled RSUs (awarded at $0.00) as part of his fiscal 2027 long-term equity incentive award; those RSUs vest in thirds on Aug 15, 2027, 2028 and 2029, subject to time-based vesting.

Key Details

• Transaction dates and prices:
  • Aug 15, 2026 — Exercises/conversions (M) of 3,676; 3,021; and 2,873 RSUs (total 9,570).
  • Aug 15, 2026 — Tax-withholding share dispositions (F): 2,000 @ $29.16 ($58,320); 1,544 @ $29.16 ($45,023); 1,126 @ $29.16 ($32,834). Total withheld ≈ $136,177.
  • Aug 15, 2026 — Dispositions to issuer (D): 1,676 @ $29.16 ($48,872); 1,477 @ $29.16 ($43,069). Total to issuer = $91,941.
  • Aug 17, 2026 — Open-market sale (S): 1,747 @ $28.72 = $50,174.
  • Aug 15, 2026 — Grant/award (A): 10,287 stock-settled RSUs @ $0.00.
• Shares owned after the transactions: Not specified in the Form 4 filing.
• Relevant footnotes from the filing:
  • Cash-settled RSUs were deemed settled for equivalent shares (F2, F6).
  • Shares were withheld upon vesting to satisfy tax withholding obligations (F3).
  • Stock-settled RSUs were granted as part of fiscal 2027 award and will vest in thirds on Aug 15, 2027–2029 (F5, F8, F9).
• Filing timeliness: Form 4 filed on Aug 18, 2026 for transactions on Aug 15–17, 2026; filing appears timely (within SEC two-business-day rule).

Context

• This was largely an RSU settlement event (derivative conversion) with tax-withholding and a small open-market sale of 1,747 shares. The sale appears to be part of the settlement/after-vesting handling (not necessarily a standalone “investment” decision).
• The grant of 10,287 stock-settled RSUs is time-vested (three-year schedule) and does not represent an immediate purchase — it’s a compensation award subject to vesting conditions.