NYT (NYT) director gains 151 dividend-equivalent RSUs, now holds 57,721 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MCANDREWS BRIAN P reported acquisition or exercise transactions in this Form 4 filing.
New York Times Company director Brian P. McAndrews received 151 Class A shares through dividend-equivalent restricted stock units (RSUs). These RSUs were granted under the company’s 2020 Incentive Compensation Plan in connection with cash dividends on Class A stock. Some of the RSUs are fully vested at grant, while others will vest on the same date as the underlying unvested RSUs, which is tied to the company’s first annual meeting following the initial grant. After this award, McAndrews directly holds 57,721 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCANDREWS BRIAN P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 151 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 57,721 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 151 shares
Holdings after transaction: 57,721 shares
Grant price: $0.0000 per share
3 metrics
RSUs granted
151 shares
Dividend-equivalent RSUs granted on Class A Common Stock
Holdings after transaction
57,721 shares
Class A Common Stock directly owned after grant
Grant price
$0.0000 per share
Compensation grant, not an open-market purchase
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
"awarded under The New York Times Company 2020 Incentive Compensation Plan"
FAQ
What insider transaction did NYT director Brian McAndrews report?
Brian P. McAndrews reported acquiring 151 shares of New York Times Class A stock via dividend-equivalent RSUs. These units were granted under the 2020 Incentive Compensation Plan in connection with cash dividends on existing RSUs.
What are dividend-equivalent RSUs in the NYT Form 4 filing?
Dividend-equivalent RSUs are additional restricted stock units granted when New York Times pays cash dividends on its Class A stock. They mirror the value of dividends on existing RSUs, with vesting aligned to either vested or unvested original RSUs.
When will the new NYT dividend-equivalent RSUs vest?
Dividend-equivalent RSUs tied to already vested RSUs are fully vested at grant. 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.
Does this NYT Form 4 indicate an open-market trade by Brian McAndrews?
No, the Form 4 does not show an open-market trade. It reports a grant of 151 dividend-equivalent RSUs with no cash price, representing routine equity compensation rather than a discretionary buy or sell in the market.