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

Director Manuel Bronstein reports the acquisition of 50 Dividend Equivalent Restricted Stock Units (RSUs) in The New York Times Company on April 17, 2025.

Summary

• Manuel Bronstein, a director of The New York Times Company, filed a Form 4 on April 21, 2025, reporting a transaction.
• On April 17, 2025, Bronstein acquired 50 Dividend Equivalent Restricted Stock Units (RSUs) related to previously reported RSUs under the company's 2020 Incentive Compensation Plan.
• These RSUs are equivalent to cash dividends paid on The New York Times Company's Class A Common Stock.
• Bronstein directly owns 14,271 shares of Class A Common Stock following the reported transaction.
• Dividend Equivalent RSUs granted for vested RSUs are fully vested upon grant, while those for unvested RSUs will vest on the date the unvested RSUs vest, coinciding with the company's first annual meeting after the initial grant.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, providing transparency into the holdings of company directors. It's standard practice for publicly traded companies to require such filings.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the acquisition of dividend equivalent RSUs by a director.

Key Dates

Keywords

Form 4, insider trading, Manuel Bronstein, New York Times Company, NYT, Dividend Equivalent RSUs, Restricted Stock Units, director, beneficial ownership