New York Times (NYT) Director Amanpal Singh Bhutani Receives Award

What Happened

• Director Amanpal Singh Bhutani was granted 98 restricted stock units (RSUs) on 2026-07-23. The Form 4 reports the acquisition as an award (transaction code A) at a grant price of $0 (these are Dividend Equivalent RSUs tied to cash dividends). This is a compensation-related grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-23; Form 4 filed: 2026-07-27 (timely — within required two business days).
• Amount acquired: 98 Dividend Equivalent RSUs; acquisition price reported as $0 (award).
• Transaction code: A (award/grant).
• Shares owned after transaction: not disclosed in this filing.
• Footnote: These RSUs are Dividend Equivalent RSUs granted under The New York Times Company 2020 Incentive Compensation Plan. RSUs representing dividends tied to already-vested RSUs are fully vested at grant; those tied to unvested RSUs will vest when the underlying unvested RSUs vest (the company says that occurs on the date of its first annual meeting following the initial grant).

Context

• Dividend Equivalent RSUs simply reflect the value of dividends and are routinely granted as part of executive/director compensation. They are not a cash purchase or sale and do not necessarily signal a change in insider sentiment.