Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-09-17

Fox Corp (FOX)

CEO Lachlan Murdoch was paid $31,019,117 in fiscal year 2026, ↓ down 5.9% from fiscal year 2025, the 99th percentile of its disclosed peer group (SEC filing 0001628280-26-062480 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$31,019,117 ↓
Lachlan Murdoch total, FY2026
99th
CEO pay percentile vs peers
295:1
CEO-to-median pay ratio
95.93%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Lachlan Murdoch (Executive Chair and Chief Executive Officer), FY2026 total compensation $31,019,117 (base salary $3,000,000) [exec_comp, SEC accession 0001628280-26-062480, filed 2026-09-17]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

FOX's next annual pay disclosure, estimated September 17, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Lachlan Murdoch$3,000,000$0$8,678,255$2,750,000$11,400,000$3,072,000$2,118,862$31,019,117
Executive Chair and Chief Executive Officer
John Nallen2,000,00005,128,0421,625,0007,600,0001,636,000159,65218,148,694
President and Chief Operating Officer
Adam Ciongoli1,750,00002,366,750750,0005,225,000033,12110,124,871
Chief Legal and Policy Officer
Steven Tomsic1,750,00002,366,750750,0005,225,000031,97310,123,723
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2026 totalFY2025 totalFY2024 totalΔ FY2025→2026
Lachlan Murdoch$31,019,117$32,980,954$23,806,025↓ −1,961,837
John Nallen18,148,69415,284,96212,378,327↑ +2,863,732
Adam Ciongoli10,124,87110,364,7619,166,672↓ −239,890
Steven Tomsic10,123,72310,321,5077,839,134↓ −197,784

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against FOX
17 companies name FOX as a compensation peer

Each company listed discloses FOX in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named FOX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Steven TomsicRSU113,200—$5,904,512
Lachlan MurdochOption264,16934.84—
John NallenOption120,07634.84—
John NallenRSU202,429—10,558,697
Adam CiongoliOption64,26738.98—
John NallenOption90,12754.03—
John NallenPSU104,324—5,441,540
Lachlan MurdochRSU415,074—21,650,260
Adam CiongoliRSU83,217—4,340,599
Lachlan MurdochPSU214,385—11,182,322
Steven TomsicPSU58,466—3,049,587
Adam CiongoliOption109,97034.84—
Adam CiongoliOption41,59754.03—
Lachlan MurdochOption152,52354.03—
Adam CiongoliPSU58,466—3,049,587
Steven TomsicOption72,04634.84—
Lachlan MurdochOption235,64638.98—
John NallenOption107,11238.98—
Steven TomsicOption64,26738.98—
Steven TomsicOption41,59754.03—
05

Incentive-plan design — the Compensation Discussion & Analysis

The goal of the Compensation Committee is to provide total compensation packages that are competitive with prevailing practices in our industry and are reflective of FOX’s performance in our industry relative to the Peer Group.

CEO STI target (% of salary)200%
CEO LTI target (% of salary)—
Independent consultantFW Cook
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-11-14192,375,9278,152,4391,473,62495.93%Passed
20242024-11-19195,653,22914,467,16839,36593.11%Passed
20232023-11-17198,747,5709,228,275103,67095.56%Passed
20222022-11-03201,080,70810,710,102160,77894.87%Passed
20212021-11-10214,774,76111,056,86240,45995.1%Passed
20202020-11-12219,774,27621,304,934209,17991.16%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-11-1495.93%a
20242024-11-1993.11%b
20232023-11-1795.56%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)295 : 1
CEO total compensation$31,019,117
Median employee compensation$104,998
08

Director compensation — fiscal year 2026

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Roland A. HernandezIndependent · Audit (Chair) · Nominating and Corporate Governance$155,000$224,995———$379,995
William A. BurckIndependent · Compensation (Chair) · Nominating and Corporate Governance150,000224,995———374,995
Paul D. RyanIndependent · Nominating and Corporate Governance (Chair) · Compensation145,000224,995———369,995
Margaret “Peggy” L. JohnsonIndependent · Audit · Compensation130,000224,995———354,995
Chase CareyIndependent · Lead Independent Director · Audit · Compensation130,000224,995———354,995
Tony Abbott ACIndependent · Nominating and Corporate Governance110,000224,995———334,995
Lachlan K. MurdochEmployee director · Board Chair—————0
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$225,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)30,000 / 25,000 / 20,000
Stock ownership guideline$5
09b

Total cost of the board

ComponentFY2026
Cash retainers and fees$820,000
Equity awards (grant-date value)$1,349,970
All other compensation$0
Total cost of the board$2,169,970

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2026

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Fox Corp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Fox Corp.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Fox Corp2026Lachlan Murdoch$3,000,000$8,678,255$2,750,000$11,400,000$31,019,117
2AMC Global Media Inc.2025Adam Aron1,557,6927,381,28206,000,00014,975,072

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Fox Corp190%RSU 50 · PSU 25 · Options 25Yes — The Company’s three-year total stockholder return as measured against the three-year total stockholder return of the companies that comprise the Standard & Poor’s 500 Index (“Relative TSR”)FW Cook
AMC Global Media Inc.not disclosedPSU 60 · RSU 40not disclosedKorn Ferry

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Fox Corp in fiscal 2026?
As disclosed, Lachlan Murdoch (Executive Chair and Chief Executive Officer) was the highest-paid executive at Fox Corp in fiscal 2026, with total compensation of $31,019,117.
How does Fox Corp's chief executive pay compare to its disclosed peer group?
As disclosed, Lachlan Murdoch's total compensation ranked at the 99th percentile of Fox Corp's disclosed peer group.
What is Fox Corp's CEO-to-median employee pay ratio?
As disclosed, Fox Corp's CEO-to-median employee pay ratio was 295:1.
How did shareholders vote on Fox Corp's executive compensation?
As disclosed, 95.93% of shareholders supported Fox Corp's executive compensation in the latest say-on-pay vote.
How much does Fox Corp spend in total on board compensation for fiscal 2026?
As disclosed, Fox Corp reported total board compensation of $2,169,970 for fiscal 2026.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Lachlan MurdochDEF 14A2026-09-170001628280-26-062480Section “Summary Compensation Table for the Fiscal Year Ended June 30,” · page 37. As printed: 31,019,117. Filing ↗machine: span 686133–686143
2Section 01, John NallenDEF 14A2026-09-170001628280-26-062480Section “Summary Compensation Table for the Fiscal Year Ended June 30,” · page 37. As printed: 18,148,694. Filing ↗machine: span 702434–702444
3Section 01, Adam CiongoliDEF 14A2026-09-170001628280-26-062480Section “Summary Compensation Table for the Fiscal Year Ended June 30,” · page 37. As printed: 10,124,871. Filing ↗machine: span 735703–735713
4Section 01, Steven TomsicDEF 14A2026-09-170001628280-26-062480Section “Summary Compensation Table for the Fiscal Year Ended June 30,” · page 37. As printed: 10,123,723. Filing ↗machine: span 719333–719343
5Section 07, pay ratioDEF 14A2026-09-170001628280-26-062480Section “CEO Pay Ratio”. As printed: 295 : 1. Filing ↗machine: span 1055221–1055224
6Section 08, Roland A. HernandezDEF 14A2026-09-170001628280-26-062480Section “Director Compensation”. As printed: 379,995. Filing ↗machine: span 1158553–1158679
7Section 08, William A. BurckDEF 14A2026-09-170001628280-26-062480Section “Director Compensation”. As printed: 374,995. Filing ↗machine: span 1153598–1153724
8Section 08, Paul D. RyanDEF 14A2026-09-170001628280-26-062480Section “Director Compensation”. As printed: 369,995. Filing ↗machine: span 1163554–1163680
9Section 08, Margaret “Peggy” L. JohnsonDEF 14A2026-09-170001628280-26-062480Section “Director Compensation”. As printed: 354,995. Filing ↗machine: span 1160951–1161077
10Section 08, Chase CareyDEF 14A2026-09-170001628280-26-062480Section “Director Compensation”. As printed: 354,995. Filing ↗machine: span 1156175–1156301
11Section 08, Tony Abbott ACDEF 14A2026-09-170001628280-26-062480Section “Director Compensation”. As printed: 334,995. Filing ↗machine: span 1151223–1151349
12Section 08, Lachlan K. MurdochDEF 14A2026-09-170001628280-26-062480Section “Director Compensation”. As printed: 0. Filing ↗
13Section 06, 2025 voteForm 8-K2025-11-170001628280-25-052588Item 5.07 · say-on-pay result. As reported: 95.93% (votes for as printed: 192,375,927). Filing ↗
14Section 06, 2024 voteForm 8-K2024-11-190001628280-24-048415Item 5.07 · say-on-pay result. As reported: 93.11% (votes for as printed: 195,653,229). Filing ↗
15Section 06, 2023 voteForm 8-K2023-11-170001193125-23-279912Item 5.07 · say-on-pay result. As reported: 95.56% (votes for as printed: 198,747,570). Filing ↗
16Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
17Section 09b board cost (computed)Computed——Cash 820,000 + equity 1,349,970 + all other 0 = 2,169,970, summed across the director compensation table rows.machine: formula: Σ = 2,169,970
18Fox Corp (subject), Section 10b CEO totalDEF 14A2026-09-170001628280-26-062480CEO total compensation as printed in Fox Corp's own proxy. As printed: 31,019,117. Filing ↗machine: span 686133–686143
19AMC Global Media Inc., Section 10b CEO totalDEF 14A2026-08-100001104659-26-093412CEO total compensation as printed in AMC Global Media Inc.'s own proxy. As printed: 14,975,072. Filing ↗machine: span 1083701–1083711
20Section 10a, AMC Global Media Inc. reciprocityDEF 14A—0001104659-26-093412AMC Global Media Inc.'s most recent proxy was read; its disclosed peer group does not include Fox Corp. Filing ↗