NY Times (NYT) director Brooke receives 2,277 RSUs as board award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brooke Beth A. reported acquisition or exercise transactions in this Form 4 filing.
NEW YORK TIMES CO director Beth A. Brooke received a grant of 2,277 Class A share equivalents as equity compensation. The award consists of stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan, with no cash paid per unit.
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 following Annual Meeting of Stockholders. After this grant, Brooke directly holds 22,099 Class A shares, and vested shares from this award will be delivered within 90 days after her service on the Board of Directors ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brooke Beth A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,277 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 22,099 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 2,277 units
Price per unit: $0.00 per share
Shares after transaction: 22,099 shares
+2 more
5 metrics
RSUs granted
2,277 units
Stock-settled restricted stock units granted to Beth A. Brooke
Price per unit
$0.00 per share
Grant/award acquisition with no cash price
Shares after transaction
22,099 shares
Class A Common Stock directly held after the award
Vesting event
Following Annual Meeting
RSUs vest on date of the following Annual Meeting of Stockholders
Delivery window
Within 90 days
Vested shares delivered within 90 days after board service ends
Key Terms
restricted stock units, contingent right, 2020 Incentive Compensation Plan, Annual Meeting of Stockholders, +1 more
5 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"
2020 Incentive Compensation Plan financial
"under The New York Times Company 2020 Incentive Compensation Plan."
Annual Meeting of Stockholders financial
"and vests on the date of the following Annual Meeting of Stockholders."
Board of Directors financial
"following the cessation of the reporting person's membership on the Board of Directors."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did NYT director Beth A. Brooke report in this Form 4?
Beth A. Brooke reported receiving 2,277 stock-settled restricted stock units of NEW YORK TIMES CO Class A Common Stock. This is an equity compensation grant under the company’s 2020 Incentive Compensation Plan, not an open-market stock purchase or sale.
When do Beth A. Brooke’s newly granted NYT restricted stock units vest?
The 2,277 restricted stock units granted to Beth A. Brooke vest on the date of the following Annual Meeting of Stockholders. Vesting must occur before she receives actual Class A Common Stock, consistent with the terms of The New York Times Company 2020 Incentive Compensation Plan.
Are Beth A. Brooke’s NYT restricted stock units part of a company incentive plan?
Yes. The 2,277 stock-settled restricted stock units were granted under The New York Times Company 2020 Incentive Compensation Plan. This plan provides equity awards to directors and other participants as part of their overall compensation package, aligning pay with company performance and shareholder interests.