Form 4: New York Times Director Manuel Bronstein Acquires Additional Class A Common Stock Through RSU Grant

The New York Times Company Director Manuel Bronstein increased his beneficial ownership of Class A Common Stock by 59 shares through a dividend equivalent Restricted Stock Unit (RSU) grant.

Summary

• Manuel Bronstein, a Director of The New York Times Company (NYT), acquired 59 shares of Class A Common Stock.
• The transaction occurred on July 24, 2025.
• The acquisition was in the form of Restricted Stock Units (RSUs) at a price of $0 per share.
• These RSUs are 'Dividend Equivalent RSUs' granted in connection with cash dividends paid on the company's Class A Common Stock, under The New York Times Company 2020 Incentive Compensation Plan.
• Dividend Equivalent RSUs granted for vested RSUs are fully vested at grant, while those for unvested RSUs vest when the underlying unvested RSUs vest (on the date of the company's first annual meeting following the initial grant).
• Following this transaction, Manuel Bronstein beneficially owns 17,919 shares of Class A Common Stock directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates an increase in insider ownership, albeit through a non-cash RSU grant related to dividends, which is a routine compensation event rather than a direct purchase.

Positives

• The acquisition of additional shares, even through a non-cash RSU grant, increases the director's beneficial ownership, aligning their interests further with shareholders.
• The grant of Dividend Equivalent RSUs indicates a mechanism for directors to receive additional equity based on dividend payments, which can be a positive retention and incentive tool.

Industry Context

This filing is a standard insider transaction report (Form 4) and does not provide broader industry context or trends. It reflects an individual director's equity compensation activity within the media industry.

Related Party Transactions

• The acquisition of Dividend Equivalent RSUs by a director is a form of related party transaction as it involves compensation from the company to an insider.

Stakeholder Impact

• Shareholders: The increase in a director's beneficial ownership, even through a grant, can be seen as a positive signal of alignment with shareholder interests.

Key Dates

Keywords

New York Times Company, NYT, Manuel Bronstein, Director, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Dividend Equivalent RSUs, Equity Compensation, Corporate Governance