David S. Perpich - 21 Feb 2024 Form 4 Insider Report for NEW YORK TIMES CO (NYT)

Role
Director
Signature
/s/ Scott Warren Goodman as Attorney-in-fact for David S. Perpich
Issuer symbol
NYT
Transactions as of
21 Feb 2024
Net transactions value
-$66,472
Form type
4
Filing time
23 Feb 2024, 17:47:34 UTC
Previous filing
21 Feb 2024
Next filing
13 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYT.A Class A Common Stock Award $0 +2,854 +14% $0.000000 23,350 21 Feb 2024 Direct F1
transaction NYT.A Class A Common Stock Tax liability $53,346 -1,234 -5.3% $43.23 22,116 21 Feb 2024 Direct F2
transaction NYT.A Class A Common Stock Award $0 +2,584 +12% $0.000000 24,700 21 Feb 2024 Direct F3
transaction NYT.A Class A Common Stock Tax liability $13,126 -303 -1.2% $43.32 24,397 22 Feb 2024 Direct F4
holding NYT.A Class A Common Stock 186,901 21 Feb 2024 By trust. F5
holding NYT.A Class A Common Stock 1,400,000 21 Feb 2024 By trust. F5
holding NYT.A Class A Common Stock 11,000 21 Feb 2024 By trust. F5
holding NYT.A Class A Common Stock 491 21 Feb 2024 As UTMA custodian for minor child.
holding NYT.A Class A Common Stock 492 21 Feb 2024 As UTMA custodian for minor child.
* 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.
F5 The reporting person disclaims beneficial ownership of these shares.