News Corp Director Natalie Bancroft Settles Deferred Stock Units for Cash

Executive Summary

On October 1, 2026, Natalie Bancroft, a member of the Board of Directors of News Corp ($NWS), engaged in routine equity compensation transactions involving Deferred Stock Units (DSUs):

1. Cash Settlement of DSUs: Settled 1,917 DSUs that matured five years following their grant date for a cash value of $28.64 per share, resulting in total cash proceeds of $54,902.88.
2. Quarterly DSU Grant: Acquired 1,702 new DSUs at a reference price of $28.64 per share (aggregate grant value of approximately $48,745.28) as part of standard director equity compensation.

Transaction Details

• Security: Class A Common Stock / Deferred Stock Units
• Nature of Disposition: Mandatory cash settlement upon the expiration of the 5-year post-grant deferral period.
• Direct Common Stock Retained: 0 shares.
• Derivative Holdings Post-Transaction: Following these transactions, Ms. Bancroft holds 40,972 Deferred Stock Units directly.

Analysis & Significance

This filing represents standard director compensation management rather than discretionary market trading. The disposition reflects an automatic, scheduled cash payout under News Corp's director compensation structure rather than open-market selling. Consequently, this transaction carries Low trading significance for investors.