NY Times (NYT) director awarded 132 dividend-equivalent RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
The New York Times Company director Brian P. McAndrews reported acquiring 132 shares of Class A Common Stock on January 16, 2026 at a price of $0 per share. These shares reflect dividend-equivalent restricted stock units (RSUs) granted under the company’s 2020 Incentive Compensation Plan, with a value equal to cash dividends paid on the Class A stock. Dividend-equivalent RSUs tied to previously vested RSUs are fully vested at grant, while those tied to unvested RSUs will vest on the date those original RSUs vest, which is the date of the company’s first annual meeting following the initial grant. After this transaction, McAndrews beneficially owned 57,570 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCANDREWS BRIAN P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 132 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 57,570 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did NYT director Brian P. McAndrews report?
Brian P. McAndrews reported acquiring 132 shares of Class A Common Stock of The New York Times Company on January 16, 2026 at a price of $0 per share.
What are dividend-equivalent RSUs in The New York Times Company 2020 Incentive Compensation Plan?
Dividend-equivalent RSUs are restricted stock units granted with a value equal to cash dividends paid on NYT Class A Common Stock, issued in respect of previously reported RSUs under the 2020 Incentive Compensation Plan.
How do vested and unvested dividend-equivalent RSUs for NYT vest?
Dividend-equivalent RSUs granted in respect of vested RSUs are fully vested at grant, while those granted in respect of unvested RSUs vest on the date the related unvested RSUs vest, which is the date of the company’s first annual meeting following the initial grant.
Is the NYT Form 4 transaction by Brian P. McAndrews a purchase for cash?
No. The 132 shares reported were acquired at a stated price of $0 per share as dividend-equivalent RSUs, rather than as a cash market purchase.
What role does Brian P. McAndrews have at The New York Times Company (NYT)?
Brian P. McAndrews is reported as a director of The New York Times Company and is not listed as an officer or 10% owner in this filing.