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

Role
Director
Signature
/s/ Scott Warren Goodman as Attorney-in-fact for David S. Perpich
Stock symbol
NYT.A
Transactions as of
Feb 21, 2024
Transactions value $
-$66,472
Form type
4
Date filed
2/23/2024, 05:47 PM
Previous filing
Feb 21, 2024
Next filing
Aug 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYT.A Class A Common Stock Award $0 +2.85K +13.92% $0.00 23.4K Feb 21, 2024 Direct F1
transaction NYT.A Class A Common Stock Tax liability -$53.3K -1.23K -5.28% $43.23 22.1K Feb 21, 2024 Direct F2
transaction NYT.A Class A Common Stock Award $0 +2.58K +11.68% $0.00 24.7K Feb 21, 2024 Direct F3
transaction NYT.A Class A Common Stock Tax liability -$13.1K -303 -1.23% $43.32 24.4K Feb 22, 2024 Direct F4
holding NYT.A Class A Common Stock 187K Feb 21, 2024 By trust. F5
holding NYT.A Class A Common Stock 1.4M Feb 21, 2024 By trust. F5
holding NYT.A Class A Common Stock 11K Feb 21, 2024 By trust. F5
holding NYT.A Class A Common Stock 491 Feb 21, 2024 As UTMA custodian for minor child.
holding NYT.A Class A Common Stock 492 Feb 21, 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.