Director at NEW YORK TIMES CO (NYSE: NYT) granted 2,277 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ROGERS JOHN W JR reported acquisition or exercise transactions in this Form 4 filing.
NEW YORK TIMES CO director John W. Rogers Jr. received a grant of 2,277 shares of Class A Common Stock in the form of stock-settled restricted stock units under the company’s 2020 Incentive Compensation Plan. After this award, he directly holds 54,492 Class A shares.
Each restricted stock unit represents a contingent right to one share and will vest on the date of the next Annual Meeting of Stockholders. The vested shares will be delivered within 90 days after Rogers’ service on the Board of Directors ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ROGERS JOHN W JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,277 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 54,492 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 2,277 units
Grant price: $0.0000 per share
Shares held after grant: 54,492 shares
3 metrics
RSUs granted
2,277 units
Stock-settled restricted stock units granted to director
Grant price
$0.0000 per share
Equity compensation, no cash paid by director
Shares held after grant
54,492 shares
Director’s direct Class A Common Stock holdings
Key Terms
restricted stock units, 2020 Incentive Compensation Plan, Annual Meeting of Stockholders
3 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."
FAQ
What did John W. Rogers Jr. acquire in this NYT Form 4 filing?
John W. Rogers Jr. received 2,277 stock-settled restricted stock units, each representing one share of Class A Common Stock, as compensation under the 2020 Incentive Compensation Plan. This is a grant, not an open-market purchase or sale.
When do the restricted stock units granted to the NYT director vest?
The restricted stock units vest on the date of the following Annual Meeting of Stockholders. Vesting means the units convert into full rights, after which the related Class A shares can ultimately be delivered to the director under the plan terms.
Was there any purchase price for the NYT restricted stock unit grant?
The restricted stock unit grant to John W. Rogers Jr. shows a per-share transaction price of $0.0000. This indicates the award was granted as equity compensation, not bought in the open market with cash consideration paid by the director.