John Nallen exercises $9.8M in FOX options
John Nallen, President and COO of Fox Corporation, exercised options to acquire 242,309 shares at $40.26 per share for a total value of $9.8 million under a 10b5-1 plan. Following the transaction, Nallen holds 599,962 shares.
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Our Take
→Fox's COO and CEO exercised nearly identical option blocks — 242K shares each at $40.26 under 10b5-1 plans — netting roughly $9.8M apiece. Coordinated executive exercises at media conglomerates often follow vesting schedules tied to multi-year performance metrics or merger anniversaries.
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