New York Times Co (NYSE: NYT) awards 62 dividend RSUs to board director
Rhea-AI Filing Summary
Bronstein Manuel reported acquisition or exercise transactions in this Form 4 filing.
New York Times Co director Manuel Bronstein received an equity award of 62 Dividend Equivalent Restricted Stock Units tied to previously granted RSUs under The New York Times Company 2020 Incentive Compensation Plan. The award was granted at no cash cost and brings his direct Class A holdings to 20,405 shares.
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Insider Trade Summary
Net Buyer: 62 shares
Net Buy
1 txn
Insider
Bronstein Manuel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 62 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 20,405 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: 62 units
Grant price per RSU: $0.00 per share
Direct Class A holdings after award: 20,405 shares
+1 more
4 metrics
Dividend Equivalent RSUs granted
62 units
RSUs acquired in respect of cash dividends on Class A Common Stock
Grant price per RSU
$0.00 per share
Equity award under The New York Times Company 2020 Incentive Compensation Plan
Direct Class A holdings after award
20,405 shares
Non-derivative Class A Common Stock position following the 62-unit RSU grant
Transaction date
2026-07-23
Date of reported RSU acquisition on Form 4
Key Terms
Restricted Stock Units, Dividend Equivalent RSUs, 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 granted in respect of vested RSUs are fully vested at grant"
Incentive Compensation Plan financial
"awarded under The New York Times Company 2020 Incentive Compensation Plan"
An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did New York Times Co (NYT) director Manuel Bronstein report?
Manuel Bronstein reported an equity award of 62 Dividend Equivalent RSUs linked to prior RSU grants. These RSUs were granted at $0.00 per unit as part of The New York Times Company 2020 Incentive Compensation Plan rather than through an open-market purchase.
What are Dividend Equivalent RSUs in the context of NYT’s 2020 Incentive Compensation Plan?
Dividend Equivalent RSUs are restricted stock units credited with a value equal to cash dividends on NYT Class A Common Stock. They are granted in respect of previously awarded RSUs so that holders receive dividend-equivalent value in stock units rather than cash.
How do the NYT Dividend Equivalent RSUs granted to Manuel Bronstein vest?
Dividend Equivalent RSUs tied to vested RSUs are fully vested at grant. Those granted in respect of unvested RSUs will vest on the same date those underlying unvested RSUs vest, which is the company’s first annual meeting following the initial grant.
Did Manuel Bronstein buy NYT stock on the market in this Form 4 filing?
No, the Form 4 reports a grant of 62 Dividend Equivalent RSUs at $0.00 per share, not an open-market purchase. The award is compensation-related, issued under The New York Times Company 2020 Incentive Compensation Plan, and reflects dividend value on prior RSU grants.