Diane Brayton - Feb 18, 2022 Form 4 Insider Report for NEW YORK TIMES CO (NYT)

Role
EVP, GC & SECRETARY
Signature
/s/ Eunice Yang, Attorney-in-fact for Diane Brayton
Stock symbol
NYT
Transactions as of
Feb 18, 2022
Transactions value $
-$800,794
Form type
4
Date filed
2/23/2022, 04:22 PM
Previous filing
Aug 10, 2021
Next filing
Feb 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NYT Class A Common Stock Award $0 +22.9K +81.14% $0.00 51.1K Feb 18, 2022 Direct F1
transaction NYT Class A Common Stock Tax liability -$386K -9.29K -18.18% $41.62 41.8K Feb 18, 2022 Direct F2
transaction NYT Class A Common Stock Award $0 +3.55K +8.5% $0.00 45.3K Feb 18, 2022 Direct F3
transaction NYT Class A Common Stock Sale -$414K -10K -22.05% $41.44 35.3K Feb 18, 2022 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 31, 2018 to December 26, 2021, pursuant to a performance-based equity award under The New York Times Company's 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's 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 18, 2023, assuming continued employment through the applicable vesting date.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.43 to $41.44, inclusive. The reporting person undertakes to provide to The New York Times Company, any security holder of The New York Times Company, or the staff of the Securities and Exchange Commission, upon request, the information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.