Form 4: Margot Golden Tishler Reports Stock Award and Trust Holdings in New York Times Co.

Director Margot Golden Tishler reports acquisition of stock-settled restricted stock units and discloses beneficial ownership through trusts in The New York Times Company.

Summary

• Margot Golden Tishler, a director of The New York Times Company, filed a Form 4 disclosing changes in beneficial ownership.
• On April 30, 2025, Tishler acquired 3,589 shares of Class A Common Stock through a grant of stock-settled restricted stock units under the company's 2020 Incentive Compensation Plan.
• These restricted stock units vest on the date of the following Annual Meeting of Stockholders.
• Vested shares will be delivered within 90 days following the cessation of Tishler's membership on the Board of Directors.
• Tishler also reported indirect beneficial ownership of 1,440,500 shares of Class A Common Stock held in trust.
• She disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard reporting of stock awards, which are generally viewed favorably as aligning management and shareholder interests.

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 vest on the date of the following Annual Meeting of Stockholders, with vested shares delivered within 90 days of cessation of board membership.

Industry Context

Reporting of beneficial ownership is a standard practice for corporate insiders to ensure transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Stock awards are a common form of compensation for directors in publicly traded companies, aligning their interests with shareholders.
• The New York Times Company's 2020 Incentive Compensation Plan is likely similar to those of other media companies such as News Corp (NWS) and Gannett (GCI).

Stakeholder Impact

• Shareholders are informed about the director's stake in the company.
• The stock award potentially incentivizes the director to act in the best interests of the company.

Key Dates

Keywords

Form 4, beneficial ownership, restricted stock units, New York Times Company, director, Tishler, NYT.A, stock award, trust holdings