Form 4: Brian P. McAndrews Reports Acquisition of New York Times Co Stock

Director Brian P. McAndrews reports acquiring additional Class A Common Stock of The New York Times Company through Dividend Equivalent Restricted Stock Units (RSUs).

Summary

• On October 24, 2024, Brian P. McAndrews, a director of The New York Times Company, acquired 115 shares of Class A Common Stock.
• The acquisition was through Dividend Equivalent Restricted Stock Units (RSUs) at a price of $0.
• Following the transaction, McAndrews beneficially owns 53,210 shares of The New York Times Company's Class A Common Stock.
• The RSUs were acquired in respect of previously reported RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan and are equal to cash dividends paid on the company's Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a routine disclosure of an insider transaction related to dividend equivalent RSUs.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings in the company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine acquisition of shares by a director.

Key Dates