Arthur G. Sulzberger - Feb 22, 2023 Form 4 Insider Report for NEW YORK TIMES CO (NYT)

Role
Chairman and Publisher, Director
Signature
/s/ Scott Warren Goodman as Attorney-in-fact for Arthur G. Sulzberger
Stock symbol
NYT
Transactions as of
Feb 22, 2023
Transactions value $
-$471,395
Form type
4
Date filed
2/24/2023, 04:52 PM
Previous filing
Feb 22, 2023
Next filing
Jul 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYT Class A Common Stock Award $0 +27.2K +33.65% $0.00 108K Feb 22, 2023 Direct F1
transaction NYT Class A Common Stock Tax liability -$471K -11.7K -10.87% $40.17 96.2K Feb 22, 2023 Direct F2
transaction NYT Class A Common Stock Award $0 +14K +14.57% $0.00 110K Feb 22, 2023 Direct F3
holding NYT Class A Common Stock 121K Feb 22, 2023 By trust.
holding NYT Class A Common Stock 4.83K Feb 22, 2023 By trust.
holding NYT Class A Common Stock 1.55K Feb 22, 2023 As UTMA custodian for minor child.
holding NYT Class A Common Stock 1.4M Feb 22, 2023 By trust.
* 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 30, 2019 to December 26, 2022, pursuant to a performance-based equity award under The New York Times Company 2010 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 2010 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 22, 2024, assuming continued employment through the applicable vesting date.