Form 4: NYT Director Rogers Acquires 96 Shares via RSUs

The New York Times Company Director John W. Rogers Jr. acquired 96 Class A Common Stock shares through dividend equivalent restricted stock units.

Summary

• John W. Rogers Jr., a Director of The New York Times Company, acquired 96 shares of Class A Common Stock.
• The acquisition occurred on October 23, 2025, at a price of $0 per share.
• These shares were acquired as Dividend Equivalent Restricted Stock Units (RSUs) under The New York Times Company 2020 Incentive Compensation Plan.
• Following this transaction, John W. Rogers Jr. beneficially owns 52,050 shares of Class A Common Stock.
• Dividend Equivalent RSUs are granted in connection with cash dividends paid on the company's Class A Common Stock.
• RSUs granted for vested underlying RSUs are immediately vested; those for unvested RSUs will vest concurrently with the underlying unvested RSUs, which is the date of the Company's first annual meeting following the initial grant.

Sentiment

Score: 7

Explanation: The acquisition of additional shares by a director, even through dividend reinvestment in the form of RSUs, generally signals continued confidence in the company's long-term prospects and aligns management interests with shareholders.

Positives

• Director John W. Rogers Jr. increased his beneficial ownership in The New York Times Company by 96 shares, further aligning his interests with shareholders.
• The acquisition of Dividend Equivalent RSUs reflects the company's ongoing practice of distributing dividends, which are then reinvested by directors in the form of equity, signaling continued confidence.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding the company's financial performance or strategic direction, beyond the vesting schedule for certain restricted stock units.

Industry Context

This Form 4 filing details a routine insider transaction, specifically the acquisition of dividend equivalent restricted stock units by a director. Such transactions are common across industries for public companies that offer equity-based compensation and dividends, serving to align management and director interests with shareholders. It does not provide specific insights into broader media industry trends or competitive positioning.

Related Party Transactions

• Acquisition of 96 Class A Common Stock shares by Director John W. Rogers Jr. through Dividend Equivalent Restricted Stock Units (RSUs) as part of the company's 2020 Incentive Compensation Plan, which is a standard compensation mechanism for directors.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with those of shareholders through additional equity ownership.

Next Steps

• Vesting of Dividend Equivalent RSUs granted in respect of unvested RSUs will occur 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, John W. Rogers Jr., Insider Trading, Form 4, Restricted Stock Units, Dividend Equivalent RSUs, Director Stock Acquisition, Equity Ownership, Media Company