NYT Director Brian McAndrews Receives 176 Dividend-Equivalent RSUs

What Happened
Brian P. McAndrews, a director of The New York Times Company (NYT), was granted 176 restricted stock units (RSUs) on 2026-07-23. The Form 4 lists the acquisition code as an award (A) with a reported price of $0.00; these RSUs are dividend-equivalent awards tied to previously reported RSUs and reflect cash dividend value.

Key Details

• Transaction date: 2026-07-23; Form filed: 2026-07-27. (Filing occurred four days after the transaction date.)
• Transaction type/code: Award (A) — 176 Dividend Equivalent RSUs; reported price $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnote: These are Dividend Equivalent RSUs granted under the 2020 Incentive Compensation Plan. Dividend Equivalent RSUs given for vested RSUs are fully vested at grant; those tied to unvested RSUs will vest when the underlying unvested RSUs vest (typically at the Company’s first annual meeting following the initial grant).
• No sale or open-market purchase occurred — this is a compensation/ dividend-related award, not an indicator of a cash purchase.

Context
Dividend-equivalent RSUs compensate holders for dividends on Class A common stock by granting additional RSUs rather than cash. Because this transaction is an award tied to prior RSU grants, it’s a routine compensation-related issuance rather than an actionable buy/sell signal.