Form 4: New York Times Director, Anuradha B. Subramanian, Receives Stock Grant

Anuradha B. Subramanian, a director of The New York Times Company, received a grant of stock-settled restricted stock units on April 24, 2024.

Summary

• Anuradha B. Subramanian, a director at The New York Times Company, filed a Form 4 on April 26, 2024.
• The filing reports a transaction that occurred on April 24, 2024.
• Subramanian received 4,048 shares of Class A Common Stock as a grant of stock-settled restricted stock units.
• Following the transaction, Subramanian beneficially owns 5,865 shares of Class A Common Stock.
• The 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 Subramanian's membership on the Board of Directors.

Sentiment

Score: 7

Explanation: The document reflects a routine grant of stock to a director, which is generally viewed as a neutral to slightly positive event as it aligns interests. There are no indications of negative sentiment.

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 director's vested shares will be delivered within 90 days following the cessation of her membership on the Board of Directors.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates