Form 4: David S. Perpich Reports Changes in Beneficial Ownership of New York Times Co Stock
SEC Form 4
David S. Perpich, a director of The New York Times Company, filed a Form 4 disclosing the disposal of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 21, 2025, David S. Perpich disposed of 393 shares of Class A Common Stock at $48.76 per share to satisfy tax withholding obligations related to vesting restricted stock units.
- On February 24, 2025, he disposed of 340 shares of Class A Common Stock at $48.03 per share for the same reason.
- Following these transactions, Perpich directly owns 23,252 shares of Class A Common Stock.
- He also indirectly owns 1,400,000 shares and 11,000 shares through a trust, and 491 and 492 shares as UTMA custodian for minor children.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common among publicly traded companies.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders and are comparable across all publicly listed companies.
- The transactions described are typical for executives receiving stock-based compensation.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/21/2024 | Date of grant for stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan, one-third of which vested on 02/21/2025. |
| 02/22/2023 | Date of grant for stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan, one-third of which vested on 02/24/2025. |
| 02/21/2025 | Transaction date: Disposal of 393 shares to cover tax obligations. |
| 02/24/2025 | Transaction date: Disposal of 340 shares to cover tax obligations. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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