Form 4: Brian P. McAndrews Reports Acquisition of New York Times Co Stock Through Dividend Equivalent RSUs

Director Brian P. McAndrews acquired 139 shares of New York Times Co Class A Common Stock through dividend equivalent restricted stock units (RSUs).

Summary

• On April 18, 2024, Brian P. McAndrews, a director of The New York Times Company, acquired 139 shares of Class A Common Stock.
• The acquisition was through dividend equivalent restricted stock units (RSUs) at a price of $0.
• These RSUs were acquired in respect of previously reported RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan.
• Following the transaction, McAndrews beneficially owns 48,932 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation.

Positives

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

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for maintaining investor confidence.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates