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

Rebecca Van Dyck, a director at The New York Times Company, acquired 117 shares of Class A Common Stock through dividend equivalent restricted stock units.

Summary

• Rebecca Van Dyck, a director of The New York Times Company, acquired 117 shares of Class A Common Stock on January 23, 2025.
• The acquisition was through dividend equivalent restricted stock units (RSUs).
• These RSUs were granted in respect of previously reported RSUs awarded under the company's 2020 Incentive Compensation Plan.
• The value of the RSUs is equal to the cash dividends paid on the company's Class A Common Stock.
• RSUs granted in respect of vested RSUs are fully vested at grant.
• 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.
• Following this transaction, Ms. Van Dyck directly owns 50,167 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. The acquisition of shares by a director can be seen as a positive sign of confidence in the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the compensation structure and alignment of interests between directors and shareholders.

Comparison to Industry Standards

• Similar filings are common across all publicly listed companies, particularly those with equity-based compensation plans.
• The use of restricted stock units and dividend equivalents is a standard practice for aligning director compensation with shareholder returns.
• Other media companies such as Gannett or News Corp would have similar filings when directors receive stock-based compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with shareholder returns.

Key Dates

Keywords

insider trading, Form 4, director, stock acquisition, dividend equivalent units, restricted stock units, New York Times, NYT