Meredith A. Kopit Levien - Feb 21, 2024 Form 4 Insider Report for NEW YORK TIMES CO (NYT)

Role
PRESIDENT & CEO, Director
Signature
/s/ Michael A. Brown, Attorney-in-fact for Meredith A. Kopit Levien
Stock symbol
NYT
Transactions as of
Feb 21, 2024
Transactions value $
-$1,097,021
Form type
4
Date filed
2/23/2024, 05:26 PM
Previous filing
Feb 21, 2024
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYT Class A Common Stock Award $0 +45.7K +51.68% $0.00 134K Feb 21, 2024 Direct F1
transaction NYT Class A Common Stock Tax liability -$902K -20.9K -15.56% $43.23 113K Feb 21, 2024 Direct F2
transaction NYT Class A Common Stock Award $0 +23.9K +21.14% $0.00 137K Feb 21, 2024 Direct F3
transaction NYT Class A Common Stock Tax liability -$195K -4.51K -3.29% $43.32 133K Feb 22, 2024 Direct F4
* 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.