New York Times (NYSE: NYT) director granted 2,277 RSUs, now holds 20,343 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bronstein Manuel reported acquisition or exercise transactions in this Form 4 filing.
New York Times Company director Manuel Bronstein received an equity award rather than buying shares on the market. He was granted 2,277 stock-settled restricted stock units, each representing a contingent right to one share of Class A Common Stock. After this grant, he directly holds 20,343 shares. The units vest on the date of the following Annual Meeting of Stockholders, with vested shares to be delivered within 90 days after he leaves the Board of Directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bronstein Manuel
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,277 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 20,343 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,277 units
Post-grant holdings: 20,343 shares
Grant price per share: $0.00
3 metrics
RSU grant size
2,277 units
Stock-settled restricted stock units granted to director
Post-grant holdings
20,343 shares
Class A Common Stock directly held after transaction
Grant price per share
$0.00
Equity award, no cash paid by director
Key Terms
restricted stock units, 2020 Incentive Compensation Plan, Annual Meeting of Stockholders, Class A Common Stock
4 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.
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 represents a contingent right to receive one share of Class A Common Stock and vests on the date of the following Annual Meeting of Stockholders."
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of 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 New York Times (NYT) director Manuel Bronstein report in this Form 4?
Manuel Bronstein reported receiving 2,277 stock-settled restricted stock units in New York Times Class A Common Stock as director compensation. These units are a grant, not an open-market purchase, and increase his direct holdings to 20,343 shares after the transaction.
When do Manuel Bronstein’s New York Times (NYT) restricted stock units vest and settle?
The 2,277 restricted stock units vest on the date of the following Annual Meeting of Stockholders. However, vested shares will only be delivered within 90 days after Bronstein ceases serving on the Board, creating a long-term incentive linked to continued board service.
Is Manuel Bronstein’s New York Times (NYT) Form 4 transaction a market purchase or sale?
It is not a market purchase or sale. The filing shows a grant coded as an acquisition (code A), representing stock-settled restricted stock units awarded under the 2020 Incentive Compensation Plan as part of his director compensation package.
Under which plan were Manuel Bronstein’s New York Times (NYT) restricted stock units granted?
The 2,277 restricted stock units were granted under The New York Times Company 2020 Incentive Compensation Plan. This plan provides equity-based awards such as stock-settled restricted stock units to align directors’ interests with shareholders over time.