NYT (NYT) director adds 81 dividend-equivalent RSUs to shareholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NEW YORK TIMES CO director Amanpal Singh Bhutani acquired 81 shares of Class A Common Stock through a grant of dividend-equivalent restricted stock units. These RSUs were issued under the company’s 2020 Incentive Compensation Plan in connection with cash dividends on Class A shares and carried no cash purchase price.
Following this award, Bhutani directly holds 29,772 shares of Class A Common Stock. Dividend-equivalent RSUs tied to already-vested RSUs are fully vested at grant, while those linked to unvested RSUs will vest on the same date that the underlying RSUs vest, at the company’s first annual meeting following the initial grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bhutani Amanpal Singh
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 81 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 29,772 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 81 shares
Transaction price per share: $0.0000
Shares held after transaction: 29,772 shares
3 metrics
RSUs granted
81 shares
Dividend-equivalent RSUs on 2026-04-16
Transaction price per share
$0.0000
Grant of dividend-equivalent RSUs
Shares held after transaction
29,772 shares
Class A Common Stock held directly after grant
Key Terms
Restricted Stock Units ("RSUs"), Dividend Equivalent RSUs, 2020 Incentive Compensation Plan, vested RSUs, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"Restricted Stock Units ("RSUs") acquired in respect of previously reported RSUs awarded..."
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
"...RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan in connection with..."
vested RSUs financial
"Dividend Equivalent RSUs granted in respect of vested RSUs are fully vested at grant."
unvested RSUs financial
"Dividend Equivalent RSUs granted in respect of unvested RSUs will vest on the date..."
FAQ
What insider transaction did NYT director Amanpal Singh Bhutani report on this Form 4?
Bhutani reported acquiring 81 shares of Class A Common Stock via dividend-equivalent restricted stock units. These units were granted at no cash cost under The New York Times Company 2020 Incentive Compensation Plan, linked to cash dividends on existing RSU awards.
What are dividend-equivalent RSUs in the context of NYT’s 2020 Incentive Compensation Plan?
Dividend-equivalent RSUs are restricted stock units granted with a value equal to cash dividends paid on NYT Class A shares. They are awarded in respect of existing RSUs, mirroring dividends shareholders receive, and follow specific vesting rules depending on whether the underlying RSUs are vested or unvested.
How do the newly granted NYT dividend-equivalent RSUs vest for Amanpal Singh Bhutani?
Dividend-equivalent RSUs tied to vested RSUs are fully vested at grant. Those linked to unvested RSUs will vest on the same date the underlying unvested RSUs vest, which is the date of the company’s first annual meeting following the initial grant of those RSUs.
Did Bhutani pay any cash to acquire the 81 NYT dividend-equivalent RSUs?
No, Bhutani did not pay cash for these shares. The filing shows a per-share transaction price of 0.0000, reflecting that the 81 dividend-equivalent RSUs were granted as a compensation-related award tied to cash dividends, not purchased on the open market.