NYT director granted stock and phantom units
MCANDREWS BRIAN P reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
MCANDREWS BRIAN P reported acquisition or exercise transactions in this Form 4 filing.
NEW YORK TIMES CO director Brian P. McAndrews received equity-based compensation. On April 22, 2026, he was granted 2,277 stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan, each representing one future share of Class A Common Stock. He also received 165.4378 phantom stock units credited for dividend equivalent payments and accumulated interest under the Non-Employee Directors Deferral Plan. After these awards, he directly holds 59,998 Class A shares and 17,335.9634 phantom stock units, generally distributable after his Board service ends.
Insider Trade Summary
Grant/Award: 2,442.4378 shares
Grant/Award
2 txns
Insider
MCANDREWS BRIAN P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 165.4378 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 2,277 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock Unit — 17,335.9634 contracts (Direct);
Class A Common Stock — 59,998 shares (Direct)
Footnotes (2)
- F1. Consists of a grant of stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan. Each restricted stock unit 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. Vested shares will be delivered within 90 days following the cessation of the reporting person's membership on the Board of Directors.
- F2. Phantom stock units credited to the reporting person's account in respect of dividend equivalent payments and accumulated interest on previously granted phantom stock units. Each phantom stock unit was credited to the reporting person's account under The New York Times Company Non-Employee Directors Deferral Plan, on April 22, 2026, based on the average closing price of a share of Class A Common Stock for the 30 trading days prior to the date of credit. Distribution in cash is generally made following the cessation of the reporting person's membership on the Board of Directors. This transaction involved a derivative security that does not have an exercise date or an expiration date.
Key Figures
Restricted stock units granted: 2,277 units
Shares held after grant: 59,998 shares
Phantom stock units credited: 165.4378 units
+1 more
4 metrics
Restricted stock units granted
2,277 units
Stock-settled RSUs granted on April 22, 2026
Shares held after grant
59,998 shares
Class A Common Stock directly held after transactions
Phantom stock units credited
165.4378 units
New phantom units from dividend equivalents and interest
Total phantom stock units after credit
17,335.9634 units
Phantom stock units balance after April 22, 2026 transaction
Key Terms
restricted stock units, Phantom stock unit, dividend equivalent payments, Non-Employee Directors Deferral Plan
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.
Phantom stock unit financial
"Phantom stock units credited to the reporting person's account in respect of dividend equivalent payments and accumulated interest"
dividend equivalent payments financial
"Phantom stock units credited to the reporting person's account in respect of dividend equivalent payments and accumulated interest"
Non-Employee Directors Deferral Plan financial
"each phantom stock unit was credited to the reporting person's account under The New York Times Company Non-Employee Directors Deferral Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NYT director Brian P. McAndrews receive in this Form 4 filing?
Brian P. McAndrews received 2,277 stock-settled restricted stock units and 165.4378 phantom stock units as part of his director compensation. These awards increase his equity-linked stake in The New York Times Company without involving open-market share purchases or sales.
How do the 2,277 restricted stock units for NYT director McAndrews work?
Each of the 2,277 restricted stock units represents a contingent right to one share of NYT Class A Common Stock. They vest on the date of the following Annual Meeting of Stockholders, with the vested shares delivered after his service on the Board of Directors ends.
What are the phantom stock units reported for NYT director McAndrews?
The 165.4378 phantom stock units were credited for dividend equivalent payments and accumulated interest on earlier phantom units. They are valued using the 30-day average closing price of NYT Class A shares and are generally distributed in cash after his Board membership ceases.
What are McAndrews’ NYT holdings after these transactions?
Following the reported awards, McAndrews directly holds 59,998 NYT Class A Common shares and 17,335.9634 phantom stock units. The phantom units track the value of the stock and are designed to be paid in cash after he leaves the Board of Directors.
Were these NYT Form 4 transactions open-market buys or sells?
No, the transactions are classified as awards, not market trades. Both entries use transaction code A, indicating grants or other acquisitions. They represent compensation-related equity and phantom unit credits rather than discretionary open-market purchases or sales of NYT stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
