Form 4: Rebecca Van Dyck, New York Times Co. Director, Reports Acquisition of 4,048 Shares

Director Rebecca Van Dyck reported acquiring 4,048 shares of New York Times Co. Class A Common Stock on April 24, 2024, through a grant of restricted stock units.

Summary

• Rebecca Van Dyck, a director of The New York Times Company, filed a Form 4 on April 26, 2024.
• The report details a transaction on April 24, 2024, where Ms. Van Dyck acquired 4,048 shares of Class A Common Stock.
• This acquisition was through a grant of stock-settled restricted stock units under the company's 2020 Incentive Compensation Plan.
• The restricted stock units vest on the date of the following Annual Meeting of Stockholders.
• Vested shares will be delivered within 90 days following the cessation of Ms. Van Dyck's membership on the Board of Directors.
• Following the reported transaction, Ms. Van Dyck beneficially owns 49,820 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a stock grant to a director, which is neither overwhelmingly positive nor negative.

Positives

• A director's acquisition of shares can be seen as a positive signal, indicating confidence in the company's future.

Future Outlook

The vesting of the restricted stock units is contingent upon the date of the following Annual Meeting of Stockholders, and the shares will be delivered within 90 days of Ms. Van Dyck's departure from the Board of Directors.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder confidence.

Next Steps

• The restricted stock units will vest on the date of the next Annual Meeting of Stockholders.
• Vested shares will be delivered within 90 days following the cessation of the reporting person's membership on the Board of Directors.

Key Dates