Company: FOX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001628280-25-042772
Chunk: 49

Company: Fox Corp
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 49
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 adjusted EPS growth, the average annual adjusted FCF growth and the Company’s three-year Relative TSR and approved the weighted payout of the three performance metrics (the “Final Performance Factor”) as set forth below.

| Performance Metrics      |     | Target         
 Performance    |     | Actual           
 Performance      |     | Weighted     
 Contribution |
| Adjusted EPS Growth      |     | 12%            |     | 20.96%           |     | 28%          |
| Adjusted FCF Growth      |     | 12%            |     | 36.40%           |     | 30%          |
| Relative TSR             |     | 50thPercentile |     | 77.2thPercentile |     | 140%         |
| Final Performance Factor |     |                |     |                  |     | 198%         |

The weighted contribution disclosed in the table above reflects the percentage of the aggregate fiscal 2023 PSU performance achievement, factoring in the extent to which the applicable performance metric was achieved and the weighting placed on the applicable performance metric by the Compensation Committee. Based on the Company’s performance, the Compensation Committee determined a Final Performance Factor of 198% of target. As a result, the fiscal 2023 PSUs vested at 198% of the sum of the target number of shares of Class A Common Stock originally granted under such award plus the amount of dividend equivalents accrued on the award during the performance period. Our named executive officers received shares of Class A Common Stock in respect of the fiscal 2023 PSUs determined by multiplying the target number of fiscal 2023 PSUs awarded (including accrued dividend equivalents) by the Final Performance Factor as follows:

| Named Executive Officers |     |            Fiscal 2023 
       Target PSU Award 
 Opportunity (

# Shares) |     | Final       
 Performance 
 Factor      |     |                 Fiscal 2023 
             Final PSU Award 
 Shares Earned (

# Shares)(a) |
| Lachlan K. Murdoch       |     |                 87,303 |     | 198%        |     |                     172,859 |
| John P. Nallen           |     |                 39,682 |     | 198%        |     |                      78,570 |
| Steven Tomsic            |     |                 23,808 |     | 198%        |     |                      47,139 |

(a) The number of shares earned with respect to the 2023 PSU