Form 4: Rachel Glaser Receives NYT Stock Grant

Director Rachel Glaser was granted 2,277 restricted stock units of The New York Times Company as part of the 2020 Incentive Compensation Plan.

Summary

• Director Rachel Glaser acquired 2,277 restricted stock units (RSUs) of Class A Common Stock.
• The grant was issued under The New York Times Company 2020 Incentive Compensation Plan.
• Each RSU represents a contingent right to receive one share of Class A Common Stock.
• The units vest on the date of the next Annual Meeting of Stockholders.
• Vested shares are delivered within 90 days following the cessation of the director's board membership.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified.

Risks

• None identified.

Future Outlook

The RSUs vest at the next Annual Meeting of Stockholders, with delivery of shares occurring after the director leaves the board.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practice to ensure alignment between leadership and shareholders.

Comparison to Industry Standards

• The use of restricted stock units for director compensation is consistent with standard practices among S&P 500 media and publishing companies.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation event.

Next Steps

• Vesting of RSUs at the next Annual Meeting of Stockholders.

Key Dates

Keywords

NYT, New York Times, Insider Trading, Form 4, Director Compensation, Equity Grant