Form 4: Beth A. Brooke Reports Acquisition of Dividend Equivalent RSUs in The New York Times Company

Director Beth A. Brooke reports the acquisition of 36 Dividend Equivalent Restricted Stock Units (RSUs) related to previously awarded RSUs under The New York Times Company's 2020 Incentive Compensation Plan.

Summary

• On July 25, 2024, Beth A. Brooke, a director of The New York Times Company, acquired 36 shares of Class A Common Stock.
• These shares were obtained through the acquisition of Dividend Equivalent Restricted Stock Units (RSUs) related to previously reported RSUs awarded under the company's 2020 Incentive Compensation Plan.
• The RSUs were granted in connection with, and with a value equal to, cash dividends paid on The New York Times Company's Class A Common Stock.
• Following the transaction, Brooke directly owns 15,878 shares of Class A Common Stock.
• Dividend Equivalent RSUs granted in respect of vested RSUs are fully vested at grant.
• Dividend Equivalent RSUs granted in respect of unvested RSUs will vest on the date that such unvested RSUs vest, which is the date of the Company's first annual meeting following the initial grant.

Sentiment

Score: 7

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. There are no indications of positive or negative performance.

Positives

• The acquisition of Dividend Equivalent RSUs reflects continued alignment of director compensation with shareholder returns through dividend equivalents.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.

Key Dates