Form 4: NYT Director McAndrews Boosts Stake with Dividend RSUs

The New York Times Company Director Brian P. McAndrews acquired 132 Class A Common Stock shares through dividend equivalent Restricted Stock Units.

Summary

• Brian P. McAndrews, a Director of The New York Times Company, acquired 132 shares of Class A Common Stock.
• The acquisition occurred on January 16, 2026, in the form of Dividend Equivalent Restricted Stock Units (RSUs).
• These RSUs were 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.
• Following this transaction, McAndrews beneficially owns 57,570 shares of Class A Common Stock.
• Dividend Equivalent RSUs granted in respect of vested RSUs are fully vested at grant, while those for unvested 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.

Sentiment

Score: 6

Explanation: Slightly positive as a director is accumulating shares, even if through a dividend reinvestment mechanism, which generally signals continued alignment with shareholder interests. However, it's a routine transaction and not indicative of significant new information.

Positives

• A director's accumulation of shares, even through dividend equivalents, can signal confidence in the company's long-term prospects.
• The transaction is part of a pre-existing incentive compensation plan, indicating a structured approach to executive compensation and alignment with shareholder interests.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide specific industry context or relate to broader industry trends beyond the general practice of executive compensation through equity awards.

Stakeholder Impact

• Shareholders: Potentially positive, as a director's increased stake (even through dividend equivalents) can be seen as a sign of confidence in the company.

Key Dates

Keywords

New York Times Company, NYT, Brian P. McAndrews, Form 4, Insider Transaction, Restricted Stock Units, RSUs, Dividend Equivalent, Director Stock Acquisition, Corporate Governance