Form 4: New York Times Director Acquires Additional Shares Through Dividend Equivalent RSUs

A New York Times Company director, Amanpal Singh Bhutani, acquired 97 shares of Class A Common Stock through dividend equivalent restricted stock units.

Summary

• Amanpal Singh Bhutani, a Director of The New York Times Company (NYT), acquired 97 shares of Class A Common Stock.
• The acquisition occurred on July 24, 2025.
• These shares were acquired as Dividend Equivalent Restricted Stock Units (RSUs) under the 2020 Incentive Compensation Plan.
• Dividend Equivalent RSUs are granted in connection with cash dividends paid on the company's Class A Common Stock.
• Following this transaction, Amanpal Singh Bhutani beneficially owns 29,531 shares.
• Dividend Equivalent RSUs granted for vested RSUs are immediately vested; those for unvested RSUs vest when the underlying unvested RSUs vest, typically at the company's first annual meeting after the initial grant.

Sentiment

Score: 6

Explanation: The filing reports a routine, non-discretionary acquisition of shares by a director through dividend equivalent RSUs. This is a neutral to slightly positive event as it increases insider ownership and reflects ongoing dividend payments, but it's not a discretionary purchase indicating strong new conviction.

Positives

• Director Amanpal Singh Bhutani increased his beneficial ownership in The New York Times Company by 97 shares, demonstrating continued alignment with shareholder interests.
• The acquisition of Dividend Equivalent RSUs indicates the company's ongoing dividend payments, which are a positive for shareholders.

Stakeholder Impact

• Shareholders: Increased insider ownership aligns director interests with shareholders. The dividend equivalent RSUs also confirm ongoing dividend payments.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary acquisition of shares by a director via dividend equivalent restricted stock units. While it slightly increases insider ownership and confirms ongoing dividends, it does not signal new strategic developments or a strong discretionary buy/sell signal that would warrant a change in investment recommendation. The transaction is largely neutral in its impact on the company's fundamental outlook.

Keywords

New York Times Company, NYT, Amanpal Singh Bhutani, Director, SEC Form 4, Insider Transaction, Restricted Stock Units, RSUs, Dividend Equivalent RSUs, Equity Compensation, Beneficial Ownership