Form 4: NYT Director Acquires 71 Dividend Equivalent RSUs

The New York Times Company Director Amanpal Singh Bhutani acquired 71 Class A Common Stock Restricted Stock Units as dividend equivalents, increasing his beneficial ownership to 29,691 units.

Summary

• Amanpal Singh Bhutani, a Director of The New York Times Company, acquired 71 Class A Common Stock Restricted Stock Units (RSUs).
• The transaction date for this acquisition was January 16, 2026.
• These RSUs are 'Dividend Equivalent RSUs,' meaning they were acquired in connection with cash dividends paid on the company's Class A Common Stock, under The New York Times Company 2020 Incentive Compensation Plan.
• The acquisition price for these RSUs was $0, as they represent dividend equivalents rather than a direct purchase.
• Following this transaction, Amanpal Singh Bhutani beneficially owns a total of 29,691 Class A Common Stock RSUs.
• Dividend Equivalent RSUs granted in respect of vested RSUs are fully vested at grant. Those granted in respect of unvested RSUs will vest on the same date as the underlying unvested RSUs, which is the date of the Company's first annual meeting following the initial grant.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. This is a routine insider transaction involving the acquisition of dividend equivalent restricted stock units, which is a standard part of executive compensation and indicates continued equity participation by a director. It does not signal any significant new positive or negative developments for the company.

Positives

• The acquisition of Dividend Equivalent RSUs indicates the director's continued participation in the company's equity compensation plan, aligning their interests with shareholders.
• The increase in beneficial ownership, even through dividend equivalents, reflects a sustained equity stake in the company by a key director.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the vesting schedule for the Dividend Equivalent RSUs, which states they will vest with the underlying unvested RSUs on the date of the Company's first annual meeting following the initial grant.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the acquisition of equity through a compensation plan. It does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The transaction demonstrates a director's continued equity stake in the company, potentially reinforcing confidence in management's alignment with shareholder interests.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• Vesting of Dividend Equivalent RSUs granted in respect of unvested RSUs will occur on the date that such unvested RSUs vest, which is the date of the Company's first annual meeting following the initial grant.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of dividend equivalent restricted stock units by a director, which is a standard part of executive compensation. It does not provide new information that would fundamentally alter an investment thesis or warrant a change in recommendation. Investors should continue to hold based on broader company fundamentals and market conditions.

Keywords

NYT, New York Times, Amanpal Bhutani, Form 4, Restricted Stock Units, RSU, Dividend Equivalent, Insider Transaction, Director, Equity Compensation