Research Summary
AI-generated summary of this SEC filing
NYT Director Rachel Glaser Receives 110 RSUs Award
What Happened
Rachel C. Glaser, a director of The New York Times Company (NYT), was granted 110 restricted stock units (RSUs) on July 23, 2026. The Form 4 reports the acquisition price as $0; these are Dividend Equivalent RSUs whose value corresponds to cash dividends paid on NYT Class A shares.
Key Details
- Transaction date: 2026-07-23; Filing date: 2026-07-27 (filed within the standard two-business-day window).
- Transaction type/code: Award/Grant (A) — 110 RSUs acquired, reported at $0.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: These are Dividend Equivalent RSUs granted under the 2020 Incentive Compensation Plan. RSUs granted in respect of vested RSUs are fully vested at grant; those tied to unvested RSUs will vest when the underlying RSUs vest (typically at the company’s first annual meeting following the initial grant).
Context
Dividend Equivalent RSUs are additional RSUs issued to reflect cash dividends and are not a cash purchase or sale by the insider. Such grants are routine compensation-related equity awards and do not by themselves indicate an insider view on the company’s stock price.