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    Lachlan K. Murdoch

    Executive Chair and CEO at Fox Corp
    Board
    Since October 2018
    Age
    53 years
    Tenure
    Joined FOXA as Chief Executive Officer in October 2018 and assumed the role of Executive Chair of the Board in January 2019.

    Also at Fox Corp

    AC
    Adam Ciongoli
    Chief Legal and Policy Officer
    JPN
    John P. Nallen
    President and COO
    ST
    Steven Tomsic
    Chief Financial Officer (CFO)

    About

    Lachlan K. Murdoch, born on September 8, 1971 , has established a prominent presence in the media industry through decades of leadership and strategic vision. Coming from a family with a strong legacy in media, his career is marked by significant roles that have shaped major media corporations and their strategies.

    In his professional journey at FOXA, he stepped into the role of Chief Executive Officer in October 2018 before taking on the additional responsibility as Executive Chair of the Board in January 2019. This progression underscores a clear commitment to driving the company's growth and reorienting its strategic priorities to meet evolving market demands.

    Beyond his leadership at FOXA, his career spans influential roles at Twenty-First Century Fox, NOVA Entertainment, and other media enterprises. His diverse experience has not only contributed to the operational success of these companies but has also cemented his reputation as a dynamic force in the media landscape.

    $FOXA Performance Under Lachlan K. Murdoch

    Past Roles

    Organization Role Date Range Details
    NOVA Entertainment Executive Chairman 2009 – 2022 –
    Twenty-First Century Fox, Inc. (21CF) Executive Chairman 2015 – Mar 2019 Former parent company of FOXA
    Twenty-First Century Fox, Inc. (21CF) Director 1996 – Mar 2019 Role ended prior to assuming FOXA leadership
    Twenty-First Century Fox, Inc. (21CF) Co-Chairman 2014 – 2015 –
    Ten Network Holdings Limited Non-Executive Chairman 2012 – 2014 –
    Ten Network Holdings Limited Director 2010 – 2014 –
    Ten Network Holdings Limited Acting Chief Executive Officer 2011 – 2012 –

    External Roles

    Organization Role Date Range Details
    News Corporation (News Corp) Chair 2023 – Present Formerly served as Director (since 2013) and Co-Chairman (2014–2023)
    Illyria Pty Ltd Executive Chairman 2005 – Present Private company

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$3,000,000AnnualFixed base compensation
    401(k) Contributions$13,800AnnualCompany contribution
    Life Insurance Premium$5,382AnnualPremium paid by company
    Residential Security$1,625,703AnnualSecurity services provided
    Corporate Aircraft Use$142,793AnnualPersonal use of corporate aircraft
    Corporate Car/Car Allowance$14,400AnnualPersonal use and car allowance

    Performance Compensation

    Data from  FY 2024

    Annual Incentive Compensation

    Metric (Cash-Based)Value/ConditionWeightOutcome/PayoutCitation
    Threshold (Adjusted EBITDA)$2.29B for 50% payoutN/A-
    Target Range (Adjusted EBITDA)$2.82B–$2.92B for 100% payoutN/AFOX achieved $2.883B (100% payout)
    Maximum (Adjusted EBITDA)$3.44B for 200% payoutN/A-
    Quantitative Portion$4,500,000 target payout75%Earned $4,500,000
    Qualitative Portion$1,500,000 target payout25%Earned $1,500,000
    Total Annual Incentive$6,000,000 in cash100%Paid in cash

    Equity Incentive Plan Awards (PSUs)

    MetricValueDetailsCitation
    Grant DateAugust 9, 2023Date of PSU grant
    Grant Date Fair Value$5,714,374Fair value of the stock awards
    Grant Date Stock Price$34.84Exercise price applicable for stock awards
    Vesting DateAugust 15, 2026Based on performance over the 2024–2026 period
    Performance MetricsTSR & Stock Hurdle15% allocation to financial performance; 85% to TSR (60% contingent on Stock Hurdle)
    Threshold / Target / Maximum28,860 / 82,458 / 164,917 sharesShare outcomes based on performance achievements
    Performance PeriodFiscal 2024–2026Evaluation period for performance-based vesting

    Stock Options

    MetricValueDetailsCitation
    Grant DateAugust 9, 2023Date of option grant
    Grant Date Fair Value$2,750,000Fair value of the stock options
    Grant Date Stock Price$34.84Exercise price based on volume-weighted average
    Vesting Condition15% increase for 30 consecutive daysClosing price must exceed exercise price by 15% during the performance period
    Vesting DateAugust 9, 2026Contingent on meeting performance and continued employment
    Performance PeriodFiscal 2024–2026Evaluation period for vesting conditions