MCANDREWS BRIAN P 4

What Happened Brian P. McAndrews, a director of The New York Times Company, was granted 132 restricted stock units (RSUs) on January 16, 2026. The Form 4 reports the transaction as an Award/Grant (code A) at an acquisition price of $0.00 (total $0 as reported). These RSUs were granted as Dividend Equivalent RSUs tied to previously reported RSU awards.

Key Details

• Transaction date: 2026-01-16. Report filed: 2026-01-21 (filed 5 days after the transaction).
• Transaction type/code: Award/Grant (A) — 132 RSUs; reported acquisition price $0.00.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: These are Dividend Equivalent RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan. They reflect cash dividends on NYT Class A shares; Dividend Equivalent RSUs for vested RSUs are fully vested at grant, while those tied to unvested RSUs vest when the underlying RSUs vest (typically at the company’s first annual meeting following the original grant).
• Timeliness: The Form 4 was filed outside the typical 2-business-day reporting window (filed 5 days after the transaction).

Context Dividend Equivalent RSUs are a form of compensation that credits the value of dividends in RSU form and are not the same as an open-market purchase or sale. Because this was an award (not a purchase or sale), it does not directly signal insider buying or selling intent; it documents compensation and dividend treatment. The reported $0 acquisition price on the Form 4 reflects reporting conventions, not the economic value of the dividend equivalents.