Form 4: Director Brian McAndrews Increases NYT Equity Stake

New York Times Company director Brian P. McAndrews acquired 2,277 restricted stock units and additional phantom stock units as part of director compensation.

Summary

• Director Brian P. McAndrews received a grant of 2,277 restricted stock units (RSUs) on April 22, 2026.
• The RSUs represent a contingent right to receive Class A Common Stock and vest at the next Annual Meeting of Stockholders.
• An additional 165.4378 phantom stock units were credited to the director's account via the Non-Employee Directors Deferral Plan.
• Total beneficial ownership of Class A Common Stock following these transactions is 59,998 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine disclosure of director compensation that does not signal a change in company strategy or financial health.

Positives

• Alignment of director interests with shareholders through equity-based compensation.
• Increase in total beneficial ownership by a board member.

Negatives

• None identified; this is a standard director compensation disclosure.

Risks

• Vesting of shares is contingent upon continued service on the Board of Directors.
• Delivery of shares is deferred until 90 days following the cessation of board membership.

Future Outlook

The director's equity holdings are tied to the company's long-term performance, with vesting occurring at the next Annual Meeting of Stockholders.

Management Comments

• The transactions reflect standard compensation practices under the 2020 Incentive Compensation Plan and the Non-Employee Directors Deferral Plan.

Industry Context

StockSavvy.ai notes that director equity grants are standard corporate governance practices in the media sector, ensuring board members maintain a vested interest in the company's long-term valuation.

Comparison to Industry Standards

• The compensation structure aligns with standard practices for S&P 500 companies, utilizing restricted stock units to incentivize board members.
• The use of a deferral plan for phantom stock is consistent with executive and director compensation policies at major media firms like News Corp or Gannett.

Stakeholder Impact

• Positive alignment of director incentives with shareholder interests.

Next Steps

• Vesting of the 2,277 restricted stock units at the next Annual Meeting of Stockholders.

Key Dates

Keywords

New York Times, NYT, Director Compensation, Insider Transaction, Form 4, Equity Grant