MCANDREWS BRIAN P 4

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.