NYT director granted 92 dividend-equivalent RSUs
The New York Times Company director Rachel C. Glaser received additional equity compensation in the form of dividend-equivalent restricted stock units.
Rhea-AI Filing Summary
The New York Times Company director Rachel C. Glaser received additional equity compensation in the form of dividend-equivalent restricted stock units. On this award date, she acquired 92 shares of Class A Common Stock at no cost, reflecting RSUs granted in connection with cash dividends on existing RSUs.
Following this grant, Glaser directly holds 33,501 shares of Class A Common Stock. Dividend equivalent RSUs tied to vested RSUs are fully vested immediately, while those tied to unvested RSUs will vest on the same date the underlying RSUs vest, which is the company’s first annual meeting following the initial grant.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 92 | $0.00 | $0.00 |
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
Key Terms
Restricted Stock Units ("RSUs") financial
Dividend Equivalent RSUs financial
2020 Incentive Compensation Plan financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did New York Times (NYT) director Rachel C. Glaser report on this Form 4?
Was the New York Times (NYT) Form 4 transaction an open-market purchase or a compensation grant?
What are dividend-equivalent RSUs in the New York Times (NYT) filing?
How do vesting terms work for the dividend-equivalent RSUs in the NYT Form 4?
Under which plan were the New York Times (NYT) dividend-equivalent RSUs granted to Rachel C. Glaser?
AI-generated analysis. How Rhea-AI works. Not financial advice.