How Murdoch was paid
$33M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Lachlan K. MurdochExecutive Chair and Chief Executive Officer | $3,000,000 | $10,594,860 | $2,750,000 | $10,680,000 | $3,958,000 | $1,998,094 | $32,980,954 |
| John P. NallenPresident and Chief Operating Officer | $2,000,000 | $4,815,821 | $1,250,000 | $5,340,000 | $1,723,000 | $156,141 | $15,284,962 |
| Steven TomsicChief Financial Officer | $1,750,000 | $2,889,519 | $750,000 | $4,895,000 | — | $36,988 | $10,321,507 |
| Adam CiongoliChief Legal and Policy Officer | $1,750,000 | $2,889,519 | $750,000 | $4,895,000 | — | $80,242 | $10,364,761 |
What changed and why
- $33M$32,980,954: CEO total compensation, up from $23,806,025 in fiscal 2024.
- $4M$3,958,000: CEO pension-value increase, primarily reflecting another year of benefits and changed actuarial assumptions.
- $4MJuly 1, 2025: Nallen’s amended agreement increased his annual incentive target to $4,000,000 and annual SAP target to $6,500,000.
- 15%15% stock-price increase: Fiscal 2025 options require this increase over exercise price for 30 consecutive calendar days.
- $1.9M$1,863,584: CEO residential security was the largest component of his $1,998,094 in other compensation.
- $101K327:1: CEO-to-median-employee pay ratio, based on median employee compensation of $100,889.
Other Fox proxy statements
- 2026 proxy statement
Lachlan K. Murdoch paid $31M (-6% on the year), pay ratio 295:1.
Filed Sep 17, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.