Margot Golden (NYT) receives 21 dividend-equivalent RSUs and reports trust holdings
Rhea-AI Filing Summary
GOLDEN MARGOT reported acquisition or exercise transactions in this Form 4 filing.
New York Times Co director Margot Golden reported a small equity-based compensation change. She received 21 restricted stock units (RSUs) of Class A Common Stock at no cash cost, granted as Dividend Equivalent RSUs under the company’s 2020 Incentive Compensation Plan in respect of cash dividends.
Dividend Equivalent RSUs tied to vested RSUs are fully vested at grant, while those tied to unvested RSUs will vest on the date the underlying RSUs vest, which is the company’s first annual meeting following the initial grant. The filing also notes several indirect Class A holdings held by trusts, and Golden disclaims beneficial ownership of those shares except to the extent of any pecuniary interest. Following this grant, she directly holds 7,767 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 21 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- 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. The reporting person disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.