MCANDREWS BRIAN P 4
4 · NEW YORK TIMES CO · Filed Apr 20, 2026
Research Summary
AI-generated summary of this filing
New York Times (NYT) Director Brian McAndrews Receives RSU Award
What Happened
Brian P. McAndrews, a director of The New York Times Company, was granted 151 restricted stock units (RSUs) on 2026-04-16. The Form 4 reports the acquisition as an award (code A) at $0.00 per share (total reported value $0), reflecting Dividend Equivalent RSUs tied to cash dividends rather than a cash purchase or sale.
Key Details
- Transaction date: 2026-04-16; filing date: 2026-04-20 (timely filing).
- Amount: 151 RSUs; reported acquisition price: $0.00; total reported value: $0.
- Transaction code: A (award/grant) — Dividend Equivalent RSUs.
- Shares owned after transaction: not specified in this filing.
- Footnote (summary): These are Dividend Equivalent RSUs credited in respect of previously awarded RSUs. Dividend-equivalent units tied to vested RSUs are fully vested at grant; those tied to unvested RSUs will vest on the same date as the underlying unvested RSUs (the company’s first annual meeting following the initial grant).
Context
Dividend Equivalent RSUs represent non-cash compensation that mirrors cash dividends and do not involve an open-market purchase or sale. Vested Dividend Equivalent RSUs are immediately owned; unvested units follow the underlying RSU vesting schedule. This type of award is routine compensation-related reporting, not a direct signal of buying or selling activity.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-04-16+151→ 57,721 total
Footnotes (1)
- [F1]Restricted Stock Units ("RSUs") acquired in respect of previously reported RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan in connection with, and with a value equal to, cash dividends paid on The New York Times Company's Class A Common Stock ("Dividend Equivalent RSUs"). Dividend Equivalent RSUs granted in respect of vested RSUs are fully vested at grant. Dividend Equivalent RSUs granted in respect of unvested RSUs will vest on the date that such unvested RSUs vest, which is the date of the Company's first annual meeting following the initial grant.