Form 4: Manuel Bronstein Reports Acquisition of Dividend Equivalent RSUs in The New York Times Company

Director Manuel Bronstein reports the acquisition of 31 shares of Class A Common Stock in the form of Dividend Equivalent Restricted Stock Units (RSUs) from The New York Times Company on July 25, 2024.

Summary

• On July 25, 2024, Manuel Bronstein, a director of The New York Times Company, acquired 31 shares of Class A Common Stock in the form of Dividend Equivalent Restricted Stock Units (RSUs).
• These RSUs were acquired in respect of previously reported RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan.
• The Dividend Equivalent RSUs have a value equal to cash dividends paid on The New York Times Company's Class A Common Stock.
• Following the transaction, Bronstein directly owns 14,157 shares of Class A Common Stock.
• Dividend Equivalent RSUs granted in respect of vested RSUs are fully vested at grant.
• Dividend Equivalent RSUs granted in respect of unvested RSUs will vest on the date that such unvested RSUs vest, which is the date of the Company's first annual meeting following the initial grant.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment with shareholder interests.

Positives

• The acquisition of Dividend Equivalent RSUs reflects continued alignment of director compensation with shareholder returns through dividend equivalents.

Industry Context

This filing is a routine disclosure related to insider transactions and compensation practices, common among publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director compensation with dividend payouts.

Key Dates