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

Director Rachel Glaser reports acquiring 77 shares of Class A Common Stock in The New York Times Company through Dividend Equivalent Restricted Stock Units (RSUs).

Summary

• Rachel Glaser, a director of The New York Times Company, filed a Form 4 on April 22, 2024, reporting a transaction that occurred on April 18, 2024.
• The transaction involved the acquisition of 77 shares of Class A Common Stock through 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 and are equal in value to cash dividends paid on the company's Class A Common Stock.
• Glaser now beneficially owns 25,175 shares of Class A Common Stock following the reported transaction.
• Dividend Equivalent RSUs granted in respect of vested RSUs are fully vested at grant.
• 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.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine compensation practices and insider confidence.

Positives

• The acquisition of Dividend Equivalent RSUs reflects the company's commitment to its incentive compensation plan.
• The director's continued holding of shares demonstrates confidence in the company.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is related to executive compensation.

Key Dates