Form 4: Rachel Glaser Reports Acquisition of Dividend Equivalent RSUs in The New York Times Company

Director Rachel Glaser reports acquiring dividend equivalent restricted stock units (RSUs) related to previously reported RSUs in The New York Times Company.

Summary

• Rachel Glaser, a director of The New York Times Company, filed a Form 4 on July 29, 2024, reporting a transaction on July 25, 2024.
• The transaction involved the acquisition of 67 shares of Class A Common Stock, representing dividend equivalent restricted stock units (RSUs).
• These RSUs were acquired in respect of previously reported RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan.
• The dividend equivalent RSUs have a value equal to cash dividends paid on The New York Times Company's Class A Common Stock.
• Following the transaction, Glaser beneficially owns 29,290 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a routine disclosure of insider transactions.

Positives

• The acquisition of dividend equivalent RSUs reflects the company's commitment to its incentive compensation plan.
• The director's continued stock ownership aligns her interests with those of the shareholders.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the stock ownership of company directors and officers.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a company director.

Key Dates