Form 4: Manuel Bronstein Receives Stock Grant from The New York Times Company

Director Manuel Bronstein received a grant of stock-settled restricted stock units from The New York Times Company, vesting at the next Annual Meeting of Stockholders.

Summary

• Manuel Bronstein, a director of The New York Times Company, filed a Form 4 on May 2, 2025.
• The filing reports a transaction that occurred on April 30, 2025.
• Bronstein acquired 3,589 shares of Class A Common Stock through a grant of stock-settled restricted stock units.
• These restricted stock units were granted under The New York Times Company 2020 Incentive Compensation Plan.
• Each unit represents a contingent right to receive one share of Class A Common Stock.
• The units vest on the date of the following Annual Meeting of Stockholders.
• Vested shares will be delivered within 90 days following the cessation of Bronstein's membership on the Board of Directors.
• Following the transaction, Bronstein beneficially owns 17,860 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard insider transaction, indicating continued alignment between the director and the company's performance. It's a neutral to slightly positive event.

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 is a routine disclosure of insider transactions, common for directors and officers of publicly traded companies. It reflects standard practice for aligning management and shareholder interests through equity-based compensation.

Stakeholder Impact

• The transaction aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Next Steps

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

Key Dates

Keywords

Form 4, insider trading, stock grant, restricted stock units, Manuel Bronstein, New York Times Company, NYT, director