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

Director John W. Rogers Jr. received a grant of 3,589 shares of Class A Common Stock in the form of restricted stock units from The New York Times Company on April 30, 2025.

Summary

• John W. Rogers Jr., a director of The New York Times Company, reported a transaction on April 30, 2025.
• He received 3,589 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 51,848 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine grant of stock, which is a standard practice. It indicates confidence in the company's future performance.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• 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, subject to the terms of the 2020 Incentive Compensation Plan.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock-based compensation as part of their overall remuneration.

Comparison to Industry Standards

• Stock grants to board members are a common practice across the media industry, aligning their interests with shareholder value.
• Companies like Gannett and News Corp also utilize stock-based compensation for their directors.
• The size of the grant is typical for directors of companies with similar market capitalization to The New York Times Company.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.
• The grant has a negligible impact on employees, customers, suppliers, and creditors.

Key Dates

Keywords

Form 4, insider trading, restricted stock units, John W. Rogers Jr., New York Times Company, NYT, stock grant, director