Director at New York Times (NYT) receives 56 dividend-linked RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GOLDEN ARTHUR S. reported acquisition or exercise transactions in this Form 4 filing.
New York Times Company director Arthur S. Golden reported a small equity compensation update. He received 56 restricted stock units (RSUs) of Class A Common Stock at $0.00 per share, classified as a grant or award rather than a market purchase or sale.
These RSUs are Dividend Equivalent RSUs, issued under The New York Times Company 2020 Incentive Compensation Plan in respect of cash dividends paid on existing RSUs. Dividend Equivalent RSUs tied to vested RSUs are fully vested at grant, while those tied to unvested RSUs will vest on the date those underlying RSUs vest, which is the date of the Company’s first annual meeting following the initial grant.
Following this grant, Golden directly holds 20,564 shares of Class A Common Stock. He also has substantial indirect holdings reported as 42,073 shares held by a trust, 69,518 shares held by his spouse as trustee, and 1,400,000 shares held by another trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
GOLDEN ARTHUR S.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 56 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 20,564 shares (Direct, null);
Class A Common Stock — 1,400,000 shares (Indirect, By trust.)
Footnotes (1)
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Key Figures
Dividend Equivalent RSUs granted: 56 RSUs
Direct holdings after grant: 20,564 shares
Indirect trust holding: 42,073 shares
+2 more
5 metrics
Dividend Equivalent RSUs granted
56 RSUs
Grant at $0.00 per share classified as acquisition (code A)
Direct holdings after grant
20,564 shares
Class A Common Stock directly owned following RSU grant
Indirect trust holding
42,073 shares
Class A Common Stock held indirectly by trust
Spouse trustee holding
69,518 shares
Class A Common Stock held indirectly by spouse as trustee
Additional trust holding
1,400,000 shares
Class A Common Stock held indirectly by another trust
Key Terms
Restricted stock units ("RSUs"), Dividend Equivalent RSUs, 2020 Incentive Compensation Plan, Class A Common Stock
4 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 in connection with"
Class A Common Stock financial
"cash dividends paid on The New York Times Company's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did Arthur S. Golden acquire in this NYT Form 4 filing?
Arthur S. Golden acquired 56 restricted stock units (RSUs) of New York Times Class A Common Stock at $0.00 per share. These are Dividend Equivalent RSUs granted as stock-based compensation, not open-market purchases.
What are Dividend Equivalent RSUs in the NYT filing for Arthur S. Golden?
Dividend Equivalent RSUs are RSUs issued in respect of cash dividends on New York Times Class A shares. They match the value of dividends paid and are granted under the 2020 Incentive Compensation Plan, aligning RSU holders with cash dividend payments.
How do Arthur S. Golden’s Dividend Equivalent RSUs vest at New York Times (NYT)?
Dividend Equivalent RSUs granted on vested RSUs are fully vested at grant. Those granted on unvested RSUs will vest when the underlying RSUs vest, which is on the date of the Company’s first annual meeting following the initial grant.
What indirect New York Times (NYT) holdings are reported for Arthur S. Golden?
Indirectly, Golden reports 42,073 shares held by a trust, 69,518 shares held by his spouse as trustee, and 1,400,000 shares held by another trust. These entries reflect indirect ownership structures rather than direct personal holdings.
Was there any open-market buying or selling of NYT stock in this Form 4?
No open-market buying or selling is shown. The only transactional entry is a grant of 56 RSUs at $0.00 per share. Other line items are holding entries that report indirect positions in New York Times stock held through trusts and a spouse.