New York Times (NYSE: NYT) director gets 2,277 RSUs grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Glaser Rachel C reported acquisition or exercise transactions in this Form 4 filing.
The New York Times Company director Rachel C. Glaser received an equity grant of 2,277 shares of Class A Common Stock in the form of stock-settled restricted stock units. The grant was made at no cash cost to her as part of director compensation.
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock and will vest on the date of the company’s next Annual Meeting of Stockholders. After this grant, Glaser holds 35,778 shares directly. Vested shares will be delivered within 90 days after she leaves the Board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Glaser Rachel C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,277 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 35,778 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,277 units
Post-grant holdings: 35,778 shares
Delivery window: 90 days
3 metrics
RSU grant size
2,277 units
Stock-settled restricted stock units to director Rachel C. Glaser
Post-grant holdings
35,778 shares
Class A Common Stock held directly after the transaction
Delivery window
90 days
Period after Board service ends to deliver vested shares
Key Terms
restricted stock units, contingent right, Incentive Compensation Plan
3 terms
restricted stock units financial
"Consists of a grant of stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock"
Incentive Compensation Plan financial
"under The New York Times Company 2020 Incentive Compensation Plan"
An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.
FAQ
What did New York Times (NYT) director Rachel Glaser receive in this Form 4?
Rachel C. Glaser received a grant of 2,277 stock-settled restricted stock units, each linked to one share of Class A Common Stock. This award is part of The New York Times Company’s 2020 Incentive Compensation Plan for directors.
When do Rachel Glaser’s newly granted NYT restricted stock units vest?
The 2,277 stock-settled restricted stock units granted to Rachel C. Glaser vest on the date of The New York Times Company’s next Annual Meeting of Stockholders. Vesting depends on her continued service on the company’s Board of Directors through that date.
What plan governs the NYT restricted stock unit grant to Rachel Glaser?
The grant to Rachel C. Glaser was made under The New York Times Company 2020 Incentive Compensation Plan. This plan provides stock-based awards, including stock-settled restricted stock units, as a form of compensation and alignment for company directors.