Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-09-23

NEWS CORP (NWS)

CEO Robert Thomson was paid $19,745,396 in fiscal year 2026, ↓ down 4.3% from fiscal year 2025, the 54th percentile of its disclosed peer group (SEC filing 0001104659-26-109969 ↗): 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.

$19,745,396 ↓
Robert Thomson total, FY2026
54th
CEO pay percentile vs peers
205:1
CEO-to-median pay ratio
88.78%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Robert Thomson (Chief Executive Officer), FY2026 total compensation $19,745,396 (base salary $3,000,000) [exec_comp, SEC accession 0001104659-26-109969, filed 2026-09-23]

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NWS's next annual pay disclosure, estimated September 8, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Robert Thomson$3,000,000$0$10,013,270$0$6,166,667$1,000$564,459$19,745,396
Chief Executive Officer
Lavanya Chandrashekar1,400,00002,513,20703,000,0000168,4287,081,635
Chief Financial Officer
David Pitofsky1,400,00002,333,32202,400,0000219,8716,353,193
General Counsel
Julian Delany850,0000817,88801,020,0000753,2143,441,102
Chief Technology Officer
Ruth Allen861,8820971,93601,034,2580130,1462,998,222
Chief Human Resources 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
Robert Thomson$19,745,396$20,623,729$20,329,706↓ −878,333
Lavanya Chandrashekar7,081,6355,465,018—↑ +1,616,617
David Pitofsky6,353,1936,217,4944,974,571↑ +135,699
Julian Delany3,441,102———
Ruth Allen2,998,2222,957,2692,615,924↑ +40,953

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 NWS
5 companies name NWS as a compensation peer

Each company listed discloses NWS 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 NWS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2026 total
Lavanya ChandrashekarCFO$7,081,635
Robert ThomsonCEO$19,745,396
Ruth AllenChief Human Resources Officer$2,998,222
Susan PanuccioCFO$8,300,586
David KlineCTO$3,497,903
David PitofskyGeneral Counsel$6,353,193
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2026 total
Ana Paula PessoaIndependent Director$350,018
José María AznarIndependent Director$359,048
Kelly AyotteFormer director (through FY2025)—
Lachlan K. MurdochChair of the Board$1,087,552
Masroor SiddiquiLead Independent Director$435,354
Natalie BancroftIndependent Director$322,696
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
Ruth AllenPSU75,727—$1,924,223
Robert ThomsonRSU649,291—16,498,484
Robert ThomsonPSU827,611—21,029,596
David PitofskyPSU166,130—4,221,363
Ruth AllenRSU47,127—1,197,497
David PitofskyRSU126,304—3,209,385
Lavanya ChandrashekarPSU195,249—4,961,277
Lavanya ChandrashekarRSU45,475—1,155,520
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's executive compensation program seeks to support the creation of long-term growth and value for stockholders by driving company performance through variable, performance-based compensation, aligning pay with performance via rigorous targets, and attracting, retaining, and motivating leadership talent.

CEO STI target (% of salary)167%
CEO LTI target (% of salary)—
Independent consultantFrederic W. Cook & Co., Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-11-19148,148,00718,724,33298,75088.78%Passed
20242024-11-20160,156,08411,707,59539,18393.19%Passed
20232023-11-15157,533,91617,023,07529,99790.25%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
20252025-11-1988.78%a
20242024-11-2093.19%b
20232023-11-1590.25%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)205 : 1
CEO total compensation—
Median employee compensation$96,277
08

Director compensation — fiscal year 2026

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Lachlan K. MurdochNot independent · Board Chair$100,000$202,696——$784,856$1,087,552
Masroor SiddiquiIndependent · Lead Independent Director · Audit (Chair) · Compensation (Chair)215,000202,696——17,658435,354
José María AznarIndependent · Nominating Corporate Governance137,500202,696——18,852359,048
Ana Paula PessoaIndependent · Nominating Corporate Governance125,000202,696——22,322350,018
Natalie BancroftIndependent · Compensation · Nominating Corporate Governance120,000202,696——0322,696
Robert J. ThomsonEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$195,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 15,000 / 12,500
Stock ownership guideline$500,000
09b

Total cost of the board

ComponentFY2026
Cash retainers and fees$697,500
Equity awards (grant-date value)$1,013,480
All other compensation$843,688
Total cost of the board$2,554,668

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 NEWS 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 NEWS 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
1Omnicom Group Inc.2025John Wren$416,667$0$69,280,000$0$69,865,846
2Nexstar Media Group, Inc.2025Perry Sook3,000,00029,584,40504,085,07239,509,740
3Liberty Global Ltd.2025Michael Fries3,000,00018,042,057013,000,00037,717,946
4CoStar Group, Inc.2025Andrew Florance1,000,00028,318,4003,425,3823,000,00036,431,936
5Booking Holdings Inc.2025Glenn Fogel1,250,00026,202,27904,042,50035,418,102
6Fox Corporation2026Lachlan Murdoch3,000,0008,678,2552,750,00011,400,00031,019,117
7NEWS CORP2026Robert Thomson3,000,00010,013,27006,166,66719,745,396
8Gartner, Inc.2025Eugene Hall985,18511,619,4774,979,9321,483,65519,226,580
9People Incorporated (formerly IAC Inc.)2025Joseph Levin273,07700017,601,042
10The Interpublic Group of Companies, Inc.2023Philippe Krakowsky1,500,0006,663,05506,055,60014,441,360
11S&P Global Inc.2025Martina Cheung1,000,0008,978,04102,445,30012,831,062
12FactSet Research Systems Inc.2025F. Philip Snow775,0003,750,1623,750,0931,171,3769,460,930
13Sirius XM Holdings Inc.2025Jennifer Witz2,000,000006,000,0008,012,795
14Zillow Group, Inc.2025Jeremy Wacksman850,2664,006,8002,249,53607,138,557

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
NEWS CORPnot disclosedPSU 70 · RSU 30Yes — Relative TSR percentileFrederic W. Cook & Co., Inc.
Booking Holdings Inc.162%PSU 60 · RSU 40Yes — Relative Total Stockholder Return (rTSR)Semler Brossy
CoStar Group, Inc.200%RSU 45 · PSU 40 · Options 15NoWillis Towers Watson
FactSet Research Systems Inc.101%Options 50 · PSU 50NoMeridian Compensation Partners
Fox Corporationnot disclosedRSU 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
Gartner, Inc.119.6%PSU 70 · Options 30NoExequity
Liberty Global Ltd.112.2%PSU 70 · RSU 20 · LTIP Units 10NoThe Croner Company
Nexstar Media Group, Inc.113%RSU 50 · PSU 50Yes — Relative TSR vs Peer GroupMeridian
Omnicom Group Inc.130.8%not disclosednot disclosedFW Cook
People Incorporated (formerly IAC Inc.)not disclosedRSU 100not disclosedCompensia, Inc.
S&P Global Inc.108.68%PSU 70 · RSU 30NoPay Governance
Sirius XM Holdings Inc.102%not disclosedNoMeridian Compensation Partners, LLC
The Interpublic Group of Companies, Inc.not disclosedPSU 33 · Performance Cash 33 · RSU 33not disclosedMeridian Compensation Partners, LLC
Zillow Group, Inc.not disclosednot disclosednot disclosedEquilar

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 NEWS CORP in fiscal 2026?
As disclosed, Robert Thomson (Chief Executive Officer) was the highest-paid executive at NEWS CORP in fiscal 2026, with total compensation of $19,745,396.
How does NEWS CORP's chief executive pay compare to its disclosed peer group?
As disclosed, Robert Thomson's total compensation ranked at the 54th percentile of NEWS CORP's disclosed peer group.
What is NEWS CORP's CEO-to-median employee pay ratio?
As disclosed, NEWS CORP's CEO-to-median employee pay ratio was 205:1.
How did shareholders vote on NEWS CORP's executive compensation?
As disclosed, 88.78% of shareholders supported NEWS CORP's executive compensation in the latest say-on-pay vote.
How much does NEWS CORP spend in total on board compensation for fiscal 2026?
As disclosed, NEWS CORP reported total board compensation of $2,554,668 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, Robert ThomsonDEF 14A2026-09-230001104659-26-109969Section “Summary Compensation Table”. As printed: 19,745,396. Filing ↗machine: span 1059594–1059604
2Section 01, Lavanya ChandrashekarDEF 14A2026-09-230001104659-26-109969Section “Summary Compensation Table”. As printed: 7,081,635. Filing ↗machine: span 1073864–1073873
3Section 01, David PitofskyDEF 14A2026-09-230001104659-26-109969Section “Summary Compensation Table”. As printed: 6,353,193. Filing ↗machine: span 1082961–1082970
4Section 01, Julian DelanyDEF 14A2026-09-230001104659-26-109969Section “Summary Compensation Table”. As printed: 3,441,102. Filing ↗machine: span 1097139–1097148
5Section 01, Ruth AllenDEF 14A2026-09-230001104659-26-109969Section “Summary Compensation Table”. As printed: 2,998,222. Filing ↗machine: span 1106175–1106184
6Section 07, pay ratioDEF 14A2026-09-230001104659-26-109969Section “CEO Pay Ratio”. As printed: 205 : 1. Filing ↗
7Section 08, Lachlan K. MurdochDEF 14A2026-09-230001104659-26-109969Section “Director Compensation”. As printed: 1,087,552. Filing ↗machine: span 536418–536427
8Section 08, Masroor SiddiquiDEF 14A2026-09-230001104659-26-109969Section “Director Compensation”. As printed: 435,354. Filing ↗machine: span 547469–547476
9Section 08, José María AznarDEF 14A2026-09-230001104659-26-109969Section “Director Compensation”. As printed: 359,048. Filing ↗machine: span 538971–538978
10Section 08, Ana Paula PessoaDEF 14A2026-09-230001104659-26-109969Section “Director Compensation”. As printed: 350,018. Filing ↗machine: span 544491–544498
11Section 08, Natalie BancroftDEF 14A2026-09-230001104659-26-109969Section “Director Compensation”. As printed: 322,696. Filing ↗machine: span 541950–541957
12Section 08, Robert J. ThomsonDEF 14A2026-09-230001104659-26-109969Section “Director Compensation”. As printed: 0. Filing ↗
13Section 06, 2025 voteForm 8-K2025-11-190001564708-25-000586Item 5.07 · say-on-pay result. As reported: 88.78% (votes for as printed: 148,148,007). Filing ↗
14Section 06, 2024 voteForm 8-K2024-11-210001564708-24-000626Item 5.07 · say-on-pay result. As reported: 93.19% (votes for as printed: 160,156,084). Filing ↗
15Section 06, 2023 voteForm 8-K2023-11-150001564708-23-000557Item 5.07 · say-on-pay result. As reported: 90.25% (votes for as printed: 157,533,916). 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 697,500 + equity 1,013,480 + all other 843,688 = 2,554,668, summed across the director compensation table rows.machine: formula: Σ = 2,554,668
18Omnicom Group Inc., Section 10b CEO totalDEF 14A2026-03-260001213900-26-034811CEO total compensation as printed in Omnicom Group Inc.'s own proxy. As printed: 69,865,846. Filing ↗machine: r7 · c20 · span 2229384–2229394
19Nexstar Media Group, Inc., Section 10b CEO totalDEF 14A2026-04-300001142417-26-000016CEO total compensation as printed in Nexstar Media Group, Inc.'s own proxy. As printed: 39,509,740. Filing ↗machine: r2 · c14 · span 1843852–1843863
20Liberty Global Ltd., Section 10b CEO totalDEF 14A2026-04-290001193125-26-191485CEO total compensation as printed in Liberty Global Ltd.'s own proxy. As printed: 37,717,946. Filing ↗machine: t136 · r2 · c35 · span 584468–584478
21CoStar Group, Inc., Section 10b CEO totalDEF 14A2026-04-300001193125-26-197205CEO total compensation as printed in CoStar Group, Inc.'s own proxy. As printed: 36,431,936. Filing ↗machine: t304 · r4 · c34 · span 1267602–1267613
22Booking Holdings Inc., Section 10b CEO totalDEF 14A2026-04-210001308179-26-000310CEO total compensation as printed in Booking Holdings Inc.'s own proxy. As printed: 35,418,102. Filing ↗machine: span 2167953–2167963
23Fox Corporation, Section 10b CEO totalDEF 14A2026-09-170001628280-26-062480CEO total compensation as printed in Fox Corporation's own proxy. As printed: 31,019,117. Filing ↗machine: span 686133–686143
24NEWS CORP (subject), Section 10b CEO totalDEF 14A2026-09-230001104659-26-109969CEO total compensation as printed in NEWS CORP's own proxy. As printed: 19,745,396. Filing ↗machine: span 1059594–1059604
25Gartner, Inc., Section 10b CEO totalDEF 14A2026-04-150000749251-26-000159CEO total compensation as printed in Gartner, Inc.'s own proxy. As printed: 19,226,580. Filing ↗machine: r2 · c21 · span 686397–686407
26People Incorporated (formerly IAC Inc.), Section 10b CEO totalDEF 14A2026-06-010001193125-26-251426CEO total compensation as printed in People Incorporated (formerly IAC Inc.)'s own proxy. As printed: 17,601,042. Filing ↗machine: t87 · r8 · c29 · span 1013325–1013335
27The Interpublic Group of Companies, Inc., Section 10b CEO totalDEF 14A2024-04-120001193125-24-094907CEO total compensation as printed in The Interpublic Group of Companies, Inc.'s own proxy. As printed: 14,441,360. Filing ↗machine: r2 · c35 · span 881467–881477
28S&P Global Inc., Section 10b CEO totalDEF 14A2026-03-310001104659-26-037380CEO total compensation as printed in S&P Global Inc.'s own proxy. As printed: 12,831,062. Filing ↗machine: span 1311049–1311059
29FactSet Research Systems Inc., Section 10b CEO totalDEF 14A2025-10-270001628280-25-046442CEO total compensation as printed in FactSet Research Systems Inc.'s own proxy. As printed: 9,460,930. Filing ↗machine: span 790783–790792
30Sirius XM Holdings Inc., Section 10b CEO totalDEF 14A2026-04-100001104659-26-041777CEO total compensation as printed in Sirius XM Holdings Inc.'s own proxy. As printed: 8,012,795. Filing ↗machine: r2 · c53 · span 986498–986507
31Zillow Group, Inc., Section 10b CEO totalDEF 14A2026-04-150001617640-26-000031CEO total compensation as printed in Zillow Group, Inc.'s own proxy. As printed: 7,138,557. Filing ↗machine: r2 · c39 · span 618709–618718
32Section 10a, Gartner, Inc. reciprocityDEF 14A—0000749251-26-000159Gartner, Inc.'s most recent proxy was read; its disclosed peer group does not include NEWS CORP. Filing ↗
33Section 10a, Nexstar Media Group, Inc. reciprocityDEF 14A—0001142417-26-000016Nexstar Media Group, Inc.'s most recent proxy was read; its disclosed peer group does not include NEWS CORP. Filing ↗
34Section 10a, S&P Global Inc. reciprocityDEF 14A—0001104659-26-037380S&P Global Inc.'s most recent proxy was read; its disclosed peer group does not include NEWS CORP. Filing ↗
35Section 10a, CoStar Group, Inc. reciprocityDEF 14A—0001193125-26-197205CoStar Group, Inc.'s most recent proxy was read; its disclosed peer group does not include NEWS CORP. Filing ↗
36Section 10a, The Interpublic Group of Companies, Inc. reciprocityDEF 14A—0001193125-24-094907The Interpublic Group of Companies, Inc.'s most recent proxy was read; its disclosed peer group does not include NEWS CORP. Filing ↗
37Section 10a, Omnicom Group Inc. reciprocityDEF 14A—0001213900-26-034811Omnicom Group Inc.'s most recent proxy was read; its disclosed peer group does not include NEWS CORP. Filing ↗
38Section 10a, Booking Holdings Inc. reciprocityDEF 14A—0001308179-26-000310Booking Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include NEWS CORP. Filing ↗
39Section 10a, Zillow Group, Inc. reciprocityDEF 14A—0001617640-26-000031Zillow Group, Inc.'s most recent proxy was read; its disclosed peer group does not include NEWS CORP. Filing ↗
40Section 10a, Sirius XM Holdings Inc. reciprocityDEF 14A—0001104659-26-041777Sirius XM Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include NEWS CORP. Filing ↗
41Section 10a, Liberty Global Ltd. reciprocityDEF 14A—0001193125-26-191485Liberty Global Ltd.'s most recent proxy was read; its disclosed peer group does not include NEWS CORP. Filing ↗
42Section 10a, Fox Corporation reciprocityDEF 14A—0001628280-26-062480Fox Corporation's most recent proxy was read; its disclosed peer group does not include NEWS CORP. Filing ↗