Form 4: NYT Director Acquires Dividend Equivalent RSUs

Margot Golden Tishler, a Director at The New York Times Company, acquired 19 Class A Common Stock Restricted Stock Units as dividend equivalents.

Summary

• Margot Golden Tishler, a Director of The New York Times Company, reported an acquisition of 19 Class A Common Stock shares.
• These shares are Restricted Stock Units (RSUs) acquired on January 16, 2026, as 'Dividend Equivalent RSUs'.
• The Dividend Equivalent RSUs were granted in connection with, and with a value equal to, cash dividends paid on the company's Class A Common Stock.
• The RSUs were awarded under The New York Times Company 2020 Incentive Compensation Plan.
• Dividend Equivalent RSUs granted in respect of vested RSUs are fully vested at grant.
• Dividend Equivalent RSUs 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.
• Following this transaction, Ms. Tishler directly beneficially owns 7,746 Class A Common Stock shares.
• Indirect beneficial ownership includes 16,820, 40,500, and 1,400,000 Class A Common Stock shares held by trusts, with beneficial ownership disclaimed for the latter two except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral. This is a routine disclosure of an insider transaction related to compensation, not indicative of significant positive or negative company performance or strategic shifts.

Positives

• The acquisition of Dividend Equivalent RSUs indicates a routine distribution of equity-based compensation tied to shareholder returns (dividends).

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding the company's future performance, beyond the vesting schedule for unvested Dividend Equivalent RSUs.

Industry Context

This is a routine insider transaction filing (Form 4) related to director compensation, which does not provide broader industry context or competitive analysis.

Stakeholder Impact

• Shareholders: The transaction reflects a standard mechanism for director compensation tied to dividend payments, aligning director interests with shareholder returns.

Next Steps

• Unvested Dividend Equivalent RSUs will vest on the date the underlying unvested RSUs vest, which is the date of the company's first annual meeting following the initial grant.

Key Dates

Keywords

The New York Times Company, NYT.A, Form 4, Insider Transaction, Restricted Stock Units, RSUs, Dividend Equivalent, Director, Equity Compensation