NYT (NYSE: NYT) director receives 151 dividend-equivalent RSUs
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 151 | $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
What did NYT director Rebecca Van Dyck report in this Form 4 filing for NYT?
What are dividend-equivalent RSUs in the New York Times (NYT) Form 4?
How do dividend-equivalent RSUs for NYT directors vest according to this filing?
Is Rebecca Van Dyck’s NYT Form 4 transaction a market purchase or compensation award?
What compensation plan governs the reported NYT dividend-equivalent RSUs?
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