Form 4: NYT Director Rachel Glaser Boosts Stake

The New York Times Company Director Rachel Glaser acquired 100 shares of Class A Common Stock through dividend equivalent restricted stock units.

Summary

• Rachel C. Glaser, a Director of The New York Times Company (NYT), acquired 100 shares of Class A Common Stock.
• The transaction occurred on October 23, 2025.
• These shares were acquired as Dividend Equivalent Restricted Stock Units (RSUs) at a price of $0 per share.
• Dividend Equivalent RSUs are granted in connection with cash dividends paid on Class A Common Stock, with a value equal to those dividends.
• Following this transaction, Rachel Glaser beneficially owns 33,328 shares of Class A Common Stock.
• Dividend Equivalent RSUs granted for vested RSUs are fully vested at grant.
• Dividend Equivalent RSUs granted for 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 acquisition of shares by a director, even if through a compensation mechanism like dividend equivalent RSUs, generally indicates a positive alignment of interests between management and shareholders. It's a routine, mildly positive event.

Positives

• Increased insider ownership, even if through a compensation mechanism, aligns management interests with shareholders.
• The acquisition of dividend equivalent RSUs indicates a standard compensation practice for directors.

Negatives

• No direct negatives are apparent from this routine insider transaction filing.

Risks

• No specific company-related risks are disclosed in this Form 4 filing.

Future Outlook

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

Industry Context

This filing represents a routine insider transaction, specifically the acquisition of shares through a compensation plan. Such transactions are common across publicly traded companies as part of executive and director remuneration, aiming to align their interests with those of shareholders.

Corporate Governance

Related Party Transactions

• The acquisition of Dividend Equivalent Restricted Stock Units by a director is a transaction between a related party (director) and the company, consistent with established compensation plans.

Stakeholder Impact

• Shareholders: Minor positive impact due to increased insider ownership, which can signal confidence and better alignment of interests.

Next Steps

• Unvested Dividend Equivalent RSUs will vest on the date of the Company's first annual meeting following their initial grant.

Key Dates

Keywords

New York Times Company, NYT, Rachel Glaser, Insider Trading, Form 4, Restricted Stock Units, RSU, Dividend Equivalent, Director Compensation