New York Times (NYSE: NYT) director receives 2,277 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Subramanian Anuradha B. reported acquisition or exercise transactions in this Form 4 filing.
New York Times Company director Anuradha B. Subramanian received an equity award linked to the company’s Class A Common Stock. The grant covers 2,277 stock-settled restricted stock units under the 2020 Incentive Compensation Plan, with each unit representing a contingent right to one share.
The restricted stock units vest on the date of the following Annual Meeting of Stockholders. Any vested shares will be delivered within 90 days after Subramanian’s service on the Board of Directors ends. Following this award, she directly holds 11,899 Class A Common Stock-related units and shares in total.
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 | 2,277 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 11,899 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,277 units
Transaction price: $0.00 per share
Total holdings after grant: 11,899 shares/units
+2 more
5 metrics
RSU grant size
2,277 units
Stock-settled restricted stock units granted to director
Transaction price
$0.00 per share
Grant/award acquisition with no cash payment
Total holdings after grant
11,899 shares/units
Direct Class A Common Stock-related holdings following transaction
Vesting event
Following Annual Meeting
Restricted stock units vest on next Annual Meeting date
Share delivery timing
Within 90 days
Delivery after cessation of Board membership
Key Terms
stock-settled restricted stock units, 2020 Incentive Compensation Plan, Annual Meeting of Stockholders, Board of Directors
4 terms
stock-settled restricted stock units financial
"Consists of a grant of stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan."
2020 Incentive Compensation Plan financial
"Consists of a grant of stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan."
Annual Meeting of Stockholders financial
"Each restricted stock unit ... vests on the date of the following Annual Meeting of Stockholders."
Board of Directors financial
"Vested shares will be delivered within 90 days 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 New York Times (NYT) director Anuradha B. Subramanian receive in this Form 4?
Anuradha B. Subramanian received 2,277 stock-settled restricted stock units tied to New York Times Class A Common Stock. The award comes under the company’s 2020 Incentive Compensation Plan and represents a contingent right to receive an equal number of shares.
When do the New York Times (NYT) restricted stock units granted to the director vest?
The 2,277 restricted stock units vest on the date of the following Annual Meeting of Stockholders. Vesting means the units become earned, but actual Class A shares are delivered later, according to the plan’s specified distribution rules for directors.
Was there any purchase price for the New York Times (NYT) restricted stock units granted?
The reported transaction price per share is $0.00, indicating no cash payment by Anuradha B. Subramanian for this grant. The units were awarded as part of director compensation under New York Times Company’s 2020 Incentive Compensation Plan.