Diane Brayton - 21 Feb 2024 Form 4 Insider Report for NEW YORK TIMES CO (NYT)

Signature
/s/ Michael A. Brown, Attorney-in-fact for Diane Brayton
Issuer symbol
NYT
Transactions as of
21 Feb 2024
Net transactions value
-$467,292
Form type
4
Filing time
23 Feb 2024, 17:25:37 UTC
Previous filing
21 Feb 2024
Next filing
20 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYT Class A Common Stock Award $0 +7,637 +21% $0.000000 43,838 21 Feb 2024 Direct F1
transaction NYT Class A Common Stock Tax liability $134,272 -3,106 -7.1% $43.23 40,732 21 Feb 2024 Direct F2
transaction NYT Class A Common Stock Award $0 +6,345 +16% $0.000000 47,077 21 Feb 2024 Direct F3
transaction NYT Class A Common Stock Tax liability $33,140 -765 -1.6% $43.32 46,312 22 Feb 2024 Direct F4
transaction NYT Class A Common Stock Sale $299,880 -7,000 -15% $42.84 39,312 22 Feb 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares acquired by the reporting person upon the achievement of specific goals under pre-established performance measures over a performance period from December 28, 2020 to December 31, 2023, pursuant to a performance-based equity award under The New York Times Company 2020 Incentive Compensation Plan.
F2 Delivery of shares to The New York Times Company to satisfy tax withholding obligations related to shares acquired pursuant to the performance-based equity award under The New York Times Company 2020 Incentive Compensation Plan.
F3 Consists of a grant of stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock and vests in three equal annual installments beginning on February 21, 2025, assuming continued employment through the applicable vesting date.
F4 Delivery of shares to The New York Times Company to satisfy tax withholding obligations related to the one-third vesting of stock-settled restricted stock units granted on February 22, 2023, under The New York Times Company 2020 Incentive Compensation Plan.