Form 4: John W. Rogers Jr. Receives Stock Grant from The New York Times Company

Director John W. Rogers Jr. received a grant of 4,048 shares of Class A Common Stock in the form of restricted stock units from The New York Times Company on April 24, 2024.

Summary

• John W. Rogers Jr., a director of The New York Times Company, reported a transaction on April 24, 2024.
• He received 4,048 shares of Class A Common Stock as a grant of stock-settled restricted stock units.
• The grant was made under The New York Times Company 2020 Incentive Compensation Plan.
• Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock and vests on the date of the following Annual Meeting of Stockholders.
• Vested shares will be delivered within 90 days following the cessation of the reporting person's membership on the Board of Directors.
• Following the transaction, Rogers directly owns 47,966 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine grant of stock to a board member, indicating standard corporate governance practices. It's a neutral event with a slightly positive implication for alignment of interests.

Positives

• The grant of restricted stock units aligns the director's interests with the company's performance.
• The vesting schedule encourages continued service on the Board of Directors.

Future Outlook

The restricted stock units will vest on the date of the following Annual Meeting of Stockholders, contingent on continued service on the Board of Directors.

Industry Context

This is a standard practice for compensating board members and aligning their interests with shareholders.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• This can potentially lead to better decision-making and increased shareholder value.

Next Steps

• The restricted stock units will vest on the date of the following Annual Meeting of Stockholders.
• Vested shares will be delivered within 90 days following the cessation of the reporting person's membership on the Board of Directors.

Key Dates