New York Times Co (NYT) director receives 176 dividend-equivalent RSUs
Rhea-AI Filing Summary
New York Times Co director Rebecca Van Dyck reported acquiring 176 dividend-equivalent restricted stock units linked to Class A Common Stock. These RSUs were credited under The New York Times Company 2020 Incentive Compensation Plan in respect of cash dividends, bringing her direct Class A holdings to 57,014 shares.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 176 shares
Net Buy
1 txn
Insider
VAN DYCK REBECCA
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 176 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 57,014 shares (Direct)
Footnotes (1)
- F1. Restricted Stock Units ("RSUs") acquired in respect of previously reported RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan in connection with, and with a value equal to, cash dividends paid on The New York Times Company's Class A Common Stock ("Dividend Equivalent RSUs"). 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.
Key Figures
Dividend-Equivalent RSUs Granted: 176 shares
Shares Held After Transaction: 57,014 shares
Transaction Price Per Share: $0.00
3 metrics
Dividend-Equivalent RSUs Granted
176 shares
RSUs credited in respect of cash dividends on Class A Common Stock
Shares Held After Transaction
57,014 shares
Direct holdings of Class A Common Stock following the RSU grant
Transaction Price Per Share
$0.00
Reported per-share transaction price for the RSU acquisition
Key Terms
Restricted Stock Units, Dividend Equivalent RSUs, 2020 Incentive Compensation Plan
3 terms
Restricted Stock Units financial
"Restricted Stock Units ("RSUs") acquired in respect of previously reported RSUs"
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.
Dividend Equivalent RSUs financial
"("Dividend Equivalent RSUs"). Dividend Equivalent RSUs granted in respect of vested RSUs"
2020 Incentive Compensation Plan financial
"RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Rebecca Van Dyck report for NYT?
Rebecca Van Dyck reported acquiring 176 dividend-equivalent restricted stock units (RSUs) linked to New York Times Class A Common Stock. The RSUs were credited under the company’s 2020 Incentive Compensation Plan in respect of cash dividends on existing RSU awards.
What are Dividend Equivalent RSUs mentioned in the NYT Form 4?
Dividend Equivalent RSUs are restricted stock units credited with a value equal to cash dividends paid on Class A Common Stock. For NYT, some are fully vested at grant if tied to vested RSUs, while others vest when the related unvested RSUs vest.
Under which plan were the NYT dividend-equivalent RSUs granted to Rebecca Van Dyck?
The dividend-equivalent RSUs were granted under The New York Times Company 2020 Incentive Compensation Plan. They were awarded in respect of previously reported RSUs and are tied to cash dividends on the company’s Class A Common Stock.
Are all of Rebecca Van Dyck’s NYT Dividend Equivalent RSUs immediately vested?
Dividend Equivalent RSUs granted on vested RSUs are fully vested at grant, while those tied to unvested RSUs will vest when those RSUs vest. Vesting occurs on the date of the company’s first annual meeting following the initial grant of the underlying RSUs.
Was Rebecca Van Dyck’s NYT Form 4 transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan for this transaction. The reported acquisition reflects RSUs credited as dividend equivalents rather than an open-market stock purchase or sale.