Company: FOX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001628280-25-042772
Chunk: 35

Company: Fox Corp
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 35
---
 price achieves pre-specified goals within three years of grant; the value of the award increases in line with incremental stockholder value creation |
| Restricted Stock Units         |     | 25%           |     | Yes   |     | Support retention and the alignment of interests with long-term stockholders                                                                                                                                                               |
| Total Direct Compensation      |     | 100%          |     | 81%   |     | 81% of our named executive officers’ Total Direct Compensation is at risk, and 85% of our CEO’s Total Direct Compensation is at risk, meaning that realizable pay is conditioned on the achievement of short-and long-term goals           |

The table above represents target amounts approved by the Compensation Committee for fiscal 2025 for our named executive officers. The aggregate cost of our fiscal 2025 target total direct compensation for our named executive officers is significantly below the median of our Peer Group (as defined below), which the Compensation Committee believes appropriately balances our need to engage an elite group of executives and our need to provide value to our stockholders. For further information, please see “Use of Information on Peer Companies and Industry Trends” below.

| 2025 Proxy Statement |     | 21 |

#### COMPENSATION DISCUSSION AND ANALYSIS
| Fiscal 2025 Business and Management Review |

FOX once again delivered strong operational and financial results in fiscal 2025, including record annual revenue, Adjusted EBITDA and Free Cash Flow. The Company focuses on producing and distributing quality news, sports and entertainment content that engages and informs audiences and deepens consumer relationships through its iconic brands, including FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations. FOX also continued to focus on its long-term growth in fiscal 2025, investing in organic initiatives, while delivering meaningful returns of capital to stockholders.

During the fiscal year, FOX continued to reach and, in some cases, exceed its strategic goals, all pursuant to its fundamental priorities of delivering quality live and on-demand programming to large and engaged audiences, securing value for its market-leading brands and content and positioning itself for long-term growth. Fiscal 2025 highlights include:

• FOX News finished fiscal 2025 as the #1 cable network in Monday to Friday primetime and total day viewing among total viewers for the tenth consecutive year. For the fiscal year, FOX News delivered primetime total viewership that exceeded the combined viewership of other cable news channels, delivered ratings that were comparable to ratings delivered by the four broadcast networks in