David S. Perpich - Feb 18, 2020 Form 4 Insider Report for NEW YORK TIMES CO (NYT)

Role
Director
Signature
/s/ Ellen S. Knarr as Attorney-in-fact for David S. Perpich
Stock symbol
NYT
Transactions as of
Feb 18, 2020
Transactions value $
-$154,577
Form type
4
Date filed
2/23/2022, 08:01 PM
Next filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYT Class A Common Stock Gift $0 +85.9K +85.05% $0.00 187K Feb 18, 2020 By trust. F1, F2
transaction NYT Class A Common Stock Award $0 +8.97K +47.6% $0.00 27.8K Feb 18, 2022 Direct F3
transaction NYT Class A Common Stock Tax liability -$155K -3.71K -13.36% $41.62 24.1K Feb 18, 2022 Direct F4
transaction NYT Class A Common Stock Award $0 +2.08K +8.65% $0.00 26.2K Feb 18, 2022 Direct F5
holding NYT Class A Common Stock 1.4M Feb 18, 2020 By trust. F2
holding NYT Class A Common Stock 11K Feb 18, 2020 By trust. F2
holding NYT Class A Common Stock 491 Feb 18, 2020 As UTMA custodian for minor child.
holding NYT Class A Common Stock 492 Feb 18, 2020 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 a gift of Class A Common Stock to the Trust from one of the other co-Trustees of this Trust that was inadvertently excluded from the reporting person's prior filings.
F2 The reporting person disclaims beneficial ownership of these shares.
F3 Represents shares acquired by the reporting person upon the achievement of specific goals under pre-established performance measures over a performance period from December 31, 2018 to December 26, 2021, pursuant to a performance-based equity award under The New York Times Company 2010 Incentive Compensation Plan.
F4 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 2010 Incentive Compensation Plan.
F5 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 18, 2023, assuming continued employment through the applicable vesting date.