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

Rachel Glaser, a director at The New York Times Company, acquired 68 shares of Class A Common Stock through dividend equivalent restricted stock units.

Summary

• Rachel Glaser, a director of The New York Times Company, acquired 68 shares of Class A Common Stock on January 23, 2025.
• These shares were acquired through dividend equivalent restricted stock units (RSUs).
• The RSUs were granted in connection with cash dividends paid on the company's Class A Common Stock.
• The value of the RSUs is equal to the cash dividends paid.
• RSUs granted for vested shares are fully vested at grant.
• RSUs granted for unvested shares will vest when the underlying unvested shares vest, which is the date of the company's first annual meeting following the initial grant.
• Following this transaction, Ms. Glaser directly owns 29,425 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive 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 of the company and the alignment of interests between management and shareholders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The use of restricted stock units (RSUs) and dividend equivalent units is a common form of executive compensation in the media industry and other sectors.
• Other media companies such as Gannett and News Corp also use similar compensation methods for their directors and executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence in the company.

Key Dates

Keywords

insider trading, Form 4, beneficial ownership, restricted stock units, dividend equivalent units, NYT, New York Times Company, Rachel Glaser, director