NYT (NYSE: NYT) director receives 151 dividend-equivalent RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
The New York Times Company director Rebecca Van Dyck received an equity award tied to dividends rather than making a market trade. She acquired 151 shares of Class A Common Stock at a stated price of $0.00 per share, increasing her direct holdings to 54,561 shares.
According to the footnote, these are dividend-equivalent restricted stock units granted under the 2020 Incentive Compensation Plan, awarded with a value equal to cash dividends on Class A Common Stock. Units granted on vested RSUs are fully vested at grant, while those tied to unvested RSUs will vest on the same date as the underlying RSUs, which is the date of the company’s first annual meeting following the initial grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
VAN DYCK REBECCA
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 151 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 54,561 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU-related shares granted: 151 shares
Price per share for grant: $0.00 per share
Shares held after transaction: 54,561 shares
3 metrics
RSU-related shares granted
151 shares
Dividend-equivalent RSUs tied to cash dividends on Class A Common Stock
Price per share for grant
$0.00 per share
Stated transaction price for awarded Class A Common Stock
Shares held after transaction
54,561 shares
Total direct holdings of Rebecca Van Dyck following the award
Key Terms
Restricted Stock Units ("RSUs"), Dividend Equivalent RSUs, 2020 Incentive Compensation Plan
3 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
"...previously reported RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan..."
FAQ
What did NYT director Rebecca Van Dyck report in this Form 4 filing for NYT?
Rebecca Van Dyck reported an acquisition of 151 shares of NYT Class A Common Stock at a stated price of $0.00 per share. This award increased her direct holdings to 54,561 shares after the transaction, reflecting a compensation-related equity grant rather than a market purchase.
What are dividend-equivalent RSUs in the New York Times (NYT) Form 4?
Dividend-equivalent RSUs are restricted stock units granted with a value equal to cash dividends paid on NYT’s Class A Common Stock. They are awarded under the 2020 Incentive Compensation Plan and mirror dividend value in stock form instead of paying the director additional cash.
How do dividend-equivalent RSUs for NYT directors vest according to this filing?
Dividend-equivalent RSUs granted on already vested RSUs are fully vested at the time of grant. Those granted on unvested RSUs will vest when the underlying RSUs vest, which occurs on the date of The New York Times Company’s first annual meeting following the initial grant.
Is Rebecca Van Dyck’s NYT Form 4 transaction a market purchase or compensation award?
The transaction is a compensation-related equity award, not a market purchase. The 151 Class A Common Stock shares stem from dividend-equivalent RSUs under the 2020 Incentive Compensation Plan and are reported at a price of $0.00 per share, indicating no open-market cash outlay.
What compensation plan governs the reported NYT dividend-equivalent RSUs?
The dividend-equivalent RSUs are awarded under The New York Times Company 2020 Incentive Compensation Plan. This plan provides equity-based compensation, including RSUs and related dividend-equivalent units, to align director and employee incentives with the company’s Class A Common Stock performance.