Form 4: David S. Perpich Reports Changes in Beneficial Ownership of New York Times Co Stock

Director David S. Perpich reports a transaction involving New York Times Co Class A Common Stock related to tax obligations and a change in trusteeship of a family trust.

Summary

• On February 18, 2025, David S. Perpich, a director of The New York Times Company, reported a transaction involving Class A Common Stock.
• 317 shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Perpich directly owns 23,985 shares.
• Perpich also indirectly owns 1,400,000 and 11,000 shares through a trust, and 491 and 492 shares as UTMA custodian for minor children.
• Perpich no longer serves as trustee of a family trust and will no longer report 186,901 shares held in that trust as beneficially owned.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates