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Form 4 (filed 28 Jul 2025) reports Director Amanpal S. Bhutani’s receipt of 97 Class A RSUs in The New York Times Company (NYT) on 24 Jul 2025. The units were issued as dividend-equivalent RSUs under the 2020 Incentive Compensation Plan, mirroring cash dividends paid on existing equity awards. Transaction code A confirms an award at $0 cost. Post-transaction, Bhutani’s direct beneficial ownership rises to 29,531 shares.
No shares were sold and no derivatives were exercised, so the transaction is non-dilutive and has minimal effect on NYT’s share count or market float. While the grant is routine and quantitatively immaterial, continued insider accumulation—however small—can be interpreted as a modest signal of alignment with shareholders.
Form 4 – The New York Times Company (NYT)
Director Rachel C. Glaser reported the automatic acquisition of 110 Class A common shares on 07/24/2025. The shares were issued as dividend-equivalent restricted stock units (RSUs) under the 2020 Incentive Compensation Plan and carry a reported cost of $0, reflecting cash dividends paid on previously held RSUs. After this transaction, Glaser directly owns 33,228 Class A shares.
The filing represents a routine, non-cash increase in the director’s equity stake with no accompanying sales, option exercises, or changes in board role disclosed.