Company: FOX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001628280-25-042772
Chunk: 34

Company: Fox Corp
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 34
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 Structure packages to attract, retain and motivate top executive talent |

• We compete to recruit and retain executives against a relatively small number of large, complex, diversified and publicly traded broadcasting, cable and satellite, and entertainment companies.

• The extensive tenure and diverse skill set of our named executive officers makes them uniquely susceptible to outreach from competitors both within our industry and adjacent to it.

• Our goal is to provide compensation packages that are competitive with prevailing practices in our industry.

| Follow compensation best practices |

• We closely link pay to performance.

• We use diversified performance metrics and set rigorous short- and long-term goals for our named executive officers.

• We maintain a clawback policy covering performance-based compensation that goes beyond the SEC rules and Nasdaq listing standards.

| Prohibit activities inconsistent with stockholder interests |

• We do not provide any “single trigger” change in control severance benefits.

• We do not pay excise tax gross-ups associated with change in control benefits.

• We do not pay dividends on unvested equity awards.

• We prohibit all of our Directors and employees, including our named executive officers, from engaging in short sales of FOX securities and investing in FOX-based derivative securities.

• We prohibit all of our Directors and employees, including our named executive officers, from pledging any FOX securities they hold directly, hedging any FOX securities they hold directly or indirectly, or hedging or pledging equity compensation.

In adherence to these compensation design principles, the significant majority of fiscal 2025 compensation for our named executive officers is at risk, as follows:

| Average of the Named Executive 
 Officers as a Group            |     | Percentage of 
 Target Direct 
 Compensation  |     | At    
 Risk? |     | Rationale                                                                                                                                                                                                                                  |
| Base Salary                    |     | 19%           |     | No    |     | Attract and retain quality executive talent                                                                                                                                                                                                |
| Annual Incentive               |     | 32%           |     | Yes   |     | Motivate achievement of pre-specified annual goals                                                                                                                                                                                         |
| Performance-based Stock Units  |     | 12%           |     | Yes   |     | Drive the achievement of: (1) long-term (three-year) operational, strategic goals that promotes the creation of sustainable stockholder value, and (2) relative stockholder return                                                         |
| Performance Stock Options      |     | 12%           |     | Yes   |     | Incentivize sustained share price growth by having the award vest only if FOX’s stock