NYT Director Amanpal Bhutani Receives 71 RSUs as Dividend Equivalent

What Happened Amanpal Bhutani, a director of The New York Times Company (NYSE: NYT), was granted 71 restricted stock units (RSUs) on January 16, 2026. The grant is reported as an award/acquisition (code A) at $0.00 per share, for a reported total value of $0. These RSUs are Dividend Equivalent RSUs — they represent dividend amounts converted into RSUs rather than a cash purchase.

Key Details

• Transaction date: 2026-01-16 (Form 4 filed 2026-01-21; period of report 2026-01-16). Filing not flagged as late in the provided data.
• Transaction type: Grant/Award (Dividend Equivalent RSUs), code A.
• Shares acquired: 71 RSUs @ $0.00; reported value $0.
• Shares owned after transaction: Not stated in the provided filing.
• Footnote summary (F1): These RSUs were granted under the 2020 Incentive Compensation Plan as dividend equivalents. Dividend Equivalent RSUs tied to already-vested RSUs are fully vested at grant; those tied to unvested RSUs will vest when the underlying RSUs vest (generally at the company’s first annual meeting following the initial grant).
• No sale, purchase, option exercise, or tax-withholding code reported for this transaction.

Context Dividend Equivalent RSU grants are a common way companies convert cash dividends into equity compensation for insiders and do not necessarily signal personal buying or selling conviction. For retail investors, this is a routine compensation-related award rather than an open-market purchase or sale.