NY Times Co (NYSE: NYT) director awarded 2,277-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VAN DYCK REBECCA reported acquisition or exercise transactions in this Form 4 filing.
New York Times Company director Rebecca Van Dyck received an equity award rather than buying shares on the market. She was granted 2,277 stock-settled restricted stock units, each representing one share of Class A Common Stock, as compensation under the company’s 2020 Incentive Compensation Plan.
The units vest on the date of the following Annual Meeting of Stockholders. Vested shares will be delivered within 90 days after she leaves the Board of Directors. Following this grant, Van Dyck directly holds 56,838 shares of Class A Common Stock.
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 | 2,277 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 56,838 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 2,277 shares
Grant price per share: $0.00 per share
Shares held after grant: 56,838 shares
+1 more
4 metrics
RSU grant size
2,277 shares
Stock-settled restricted stock units granted to director
Grant price per share
$0.00 per share
Reported transaction price for the RSU award
Shares held after grant
56,838 shares
Total Class A Common Stock directly owned post-transaction
Settlement window
90 days
Delivery of vested shares after Board service ends
Key Terms
restricted stock units, 2020 Incentive Compensation Plan, Annual Meeting of Stockholders, Class A Common Stock
4 terms
restricted stock units financial
"Consists of a grant of stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2020 Incentive Compensation Plan financial
"Consists of a grant of stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan."
Annual Meeting of Stockholders regulatory
"represents a contingent right to receive one share of Class A Common Stock and vests on the date of the following Annual Meeting of Stockholders."
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock"
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 did Rebecca Van Dyck report in this NYT Form 4 filing?
Rebecca Van Dyck reported receiving 2,277 stock-settled restricted stock units as compensation. Each unit represents one share of New York Times Class A Common Stock granted under the 2020 Incentive Compensation Plan, rather than a market purchase of shares.
Is Rebecca Van Dyck’s NYT Form 4 transaction a stock purchase or an award?
The transaction is an award, not a stock purchase. Van Dyck received 2,277 stock-settled restricted stock units at a reported price of $0.00 per share, reflecting a grant of equity compensation rather than an open-market buy or sell transaction.
When do Rebecca Van Dyck’s NYT restricted stock units vest and settle?
The restricted stock units vest on the date of the following Annual Meeting of Stockholders. Shares from vested units will be delivered within 90 days after Rebecca Van Dyck’s membership on the Board of Directors ends, according to the filing footnote.