NYT (NYSE: NYT) director receives 26 Dividend Equivalent RSUs grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Subramanian Anuradha B. reported acquisition or exercise transactions in this Form 4 filing.
The New York Times Company director Anuradha B. Subramanian received an award of 26 shares of Class A Common Stock on a grant basis. These are Restricted Stock Units (RSUs) granted as Dividend Equivalent RSUs under the company’s 2020 Incentive Compensation Plan, reflecting cash dividends paid on Class A shares.
Dividend Equivalent RSUs tied to already vested RSUs are fully vested at grant, while those linked to unvested RSUs will vest on the same schedule as the underlying awards, at the company’s first annual meeting following the initial grant. After this grant, she directly holds 9,622 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Subramanian Anuradha B.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 26 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 9,622 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 26 shares
Grant price: $0.0000 per share
Shares after transaction: 9,622 shares
3 metrics
RSUs granted
26 shares
Dividend Equivalent RSUs on Class A Common Stock
Grant price
$0.0000 per share
Non-cash RSU award
Shares after transaction
9,622 shares
Direct Class A Common Stock holdings post-grant
Key Terms
Restricted Stock Units ("RSUs"), Dividend Equivalent RSUs, 2020 Incentive Compensation Plan
3 terms
Restricted Stock Units ("RSUs") financial
"Restricted Stock Units ("RSUs") acquired in respect of previously reported RSUs"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Dividend Equivalent RSUs financial
"cash dividends paid on The New York Times Company's Class A Common Stock ("Dividend Equivalent RSUs")"
2020 Incentive Compensation Plan financial
"awarded under The New York Times Company 2020 Incentive Compensation Plan"
FAQ
What insider transaction did NYT director Anuradha B. Subramanian report?
Anuradha B. Subramanian reported receiving 26 shares of Class A Common Stock as Restricted Stock Units. These Dividend Equivalent RSUs were granted under The New York Times Company 2020 Incentive Compensation Plan, reflecting cash dividends on existing RSUs and common shares.
What are Dividend Equivalent RSUs in the NYT 2020 Incentive Compensation Plan?
Dividend Equivalent RSUs are additional Restricted Stock Units granted with a value equal to cash dividends on Class A shares. At NYT, units tied to vested RSUs are fully vested immediately, while those tied to unvested RSUs vest when the related awards vest at the next annual meeting.
When do the unvested NYT Dividend Equivalent RSUs reported here vest?
Unvested Dividend Equivalent RSUs associated with unvested RSUs will vest on the same date as those underlying RSUs. According to the disclosure, that vesting date is the company’s first annual meeting following the initial grant of the related RSUs.