News Corp Director Jose Maria Aznar Settles and Receives Deferred Stock Units

Executive Summary

On October 2, 2026, News Corp director Jose Maria Aznar filed Form 4 detailing routine director compensation transactions executed on October 1, 2026. The filing reports the cash settlement of 1,917 Deferred Stock Units (DSUs) that matured under standard director compensation terms, as well as an acquisition of 1,702 new DSUs at $28.64 per unit.

Transaction Breakdown

• Settlement of Matured DSUs: 1,917 DSUs were exercised (Code M) and deemed settled for cash at $28.64 per share, resulting in a reported disposition of 1,917 shares of Class A Common Stock (Code D) valued at $54,902.88.
• New DSU Grant/Acquisition: Aznar acquired 1,702 Deferred Stock Units (Code A) priced at $28.64 per unit as part of standard director equity compensation.
• Holdings Post-Transaction: Following these transactions, direct common share ownership stands at 1,087 shares, with an aggregate balance of 40,972 Deferred Stock Units.

Market & Governance Impact

This filing represents scheduled administrative settlement of five-year director compensation units and a standard quarterly director equity award. Because these are automated non-discretionary settlements and equity awards, there is no signal regarding internal sentiment or operational shifts. The market impact is deemed Low.