Glaser Rachel C 4
Research Summary
AI-generated summary
NYT Director Rachel Glaser Receives 81 RSU Award
What Happened
- Rachel C. Glaser, a director of The New York Times Company (NYT), was granted 81 restricted stock units (RSUs) on January 16, 2026. The Form 4 reports an acquisition price of $0 per share (total $0) and transaction code A (award/grant). This is a compensation award (not a purchase or sale).
Key Details
- Transaction date: 2026-01-16; Type: Award/Grant (code A); Reported price: $0.00 per share; Shares acquired: 81.
- Shares owned after transaction: Not specified in this filing.
- Footnote: These are Dividend Equivalent RSUs granted in respect of previously reported RSUs under the 2020 Incentive Compensation Plan. Dividend Equivalent RSUs equal the cash dividends and: vested-related awards are fully vested at grant; those tied to unvested RSUs vest when the underlying RSUs vest (typically at the Company's first annual meeting following the initial grant).
- Filing timeliness: No late-filing indication in the report.
Context
- Dividend Equivalent RSUs reflect dividend value paid in stock units rather than cash; reporting $0 per share is a standard convention for such awards on Form 4 even though they have economic value tied to dividends. Awards are routine compensation and do not, by themselves, indicate a buying or selling signal.