NY Times (NYSE: NYT) director granted 54 dividend RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brooke Beth A. reported acquisition or exercise transactions in this Form 4 filing.
New York Times Company director Beth A. Brooke received an award of 54 shares of Class A Common Stock on a grant basis, with no purchase price. These shares are Restricted Stock Units granted as dividend equivalents on previously awarded RSUs under the company’s 2020 Incentive Compensation Plan.
Dividend Equivalent RSUs tied to vested RSUs are fully vested at grant, while those tied to unvested RSUs will vest on the same date the underlying RSUs vest, at the first annual meeting following the initial grant. After this award, Brooke directly holds 19,822 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brooke Beth A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 54 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 19,822 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 54 shares
Grant price: $0.00 per share
Shares after transaction: 19,822 shares
+2 more
5 metrics
RSUs granted
54 shares
Dividend Equivalent RSUs granted on Class A Common Stock
Grant price
$0.00 per share
Non-cash RSU award under 2020 Incentive Compensation Plan
Shares after transaction
19,822 shares
Direct Class A Common Stock holdings following RSU grant
Transaction date
2026-04-16
Grant date for Dividend Equivalent RSUs
Transaction code
A
Grant, award, or other acquisition of non-derivative security
Key Terms
Restricted Stock Units ("RSUs"), Dividend Equivalent RSUs, 2020 Incentive Compensation Plan, Class A Common Stock
4 terms
Restricted Stock Units ("RSUs") financial
"Restricted Stock Units ("RSUs") acquired in respect of previously reported RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan"
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"). Dividend Equivalent RSUs granted in respect of vested RSUs"
2020 Incentive Compensation Plan financial
"RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan in connection with, and with a value equal to, cash dividends"
Class A Common Stock financial
"cash dividends paid on The New York Times Company's Class A Common Stock ("Dividend Equivalent RSUs")"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Beth A. Brooke report at NEW YORK TIMES CO (NYT)?
Beth A. Brooke reported receiving 54 shares of Class A Common Stock as a grant of Restricted Stock Units. These RSUs were issued as dividend equivalents on previously awarded RSUs, rather than through an open-market purchase or sale, and reflect routine equity compensation.
What are Dividend Equivalent RSUs in the context of NEW YORK TIMES CO (NYT)?
Dividend Equivalent RSUs are Restricted Stock Units granted with a value equal to cash dividends paid on NYT Class A stock. They are issued in respect of previously reported RSUs and mirror dividend payments, providing additional RSUs instead of cash distributions on those underlying awards.
How do the vesting terms work for the Dividend Equivalent RSUs reported by NYT director Beth A. Brooke?
Dividend Equivalent RSUs tied to vested RSUs are fully vested when granted. Those tied to unvested RSUs will vest on the same date the underlying unvested RSUs vest, which is on the company’s first annual meeting following the initial RSU grant, aligning timing with prior awards.
Is Beth A. Brooke’s NYT Form 4 transaction a buy or sell signal for investors?
The Form 4 shows a compensation-related RSU grant, not an open-market trade. The 54 Dividend Equivalent RSUs were awarded at no cost as part of NYT’s 2020 Incentive Compensation Plan, so the filing reflects routine equity compensation rather than a discretionary buy or sell decision.