Bronstein Manuel 4

What Happened

• Manuel Bronstein, a director of The New York Times Company, was granted 44 restricted stock units (Dividend Equivalent RSUs) on 2026-01-16. The grant price is reported as $0.00 (award), so the Form 4 lists $0 total cash consideration — the units represent dividend equivalents tied to cash dividends on NYT Class A shares rather than a cash purchase.

Key Details

• Transaction date: 2026-01-16; Form 4 filed: 2026-01-21 (filed after the reported transaction date).
• Transaction type/code: A = Award/Grant (Dividend Equivalent RSUs under the NYT 2020 Incentive Compensation Plan).
• Shares/units granted: 44 RSUs; reported price: $0.00; reported cash value: $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: These are Dividend Equivalent RSUs granted in respect of previously reported RSUs. Dividend Equivalent RSUs tied to vested RSUs are fully vested at grant; those tied to unvested RSUs will vest when the underlying RSUs vest (the company’s first annual meeting following the initial grant).
• Filing timing: Form filed five days after the transaction date — appears to be after the typical two-business-day reporting window.

Context

• This is an award of dividend-equivalent RSUs (not an open-market purchase or sale), so it reflects compensation mechanics rather than a buy/sell signal. Dividend Equivalent RSUs convert dividend payments into additional RSU awards and may vest immediately or later depending on the underlying RSUs’ vesting status.