NYT.NYSENew York Times CO

Form 4: Diane Brayton, EVP at New York Times Co, Reports Stock Disposal for Tax Obligations

Sentiment:

SEC Form 4 Filing

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Diane Brayton, EVP and Chief Legal Officer of The New York Times Company, disposed of 541 shares of Class A Common Stock to cover tax withholding obligations.

Summary

  • On February 18, 2025, Diane Brayton, EVP and Chief Legal Officer of The New York Times Company, disposed of 541 shares of Class A Common Stock.
  • The transaction was executed to satisfy tax withholding obligations related to the vesting of stock-settled restricted stock units.
  • The shares were disposed of at a price of $49.75 per share.
  • Following the transaction, Brayton directly owns 38,771 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, and does not necessarily reflect a positive or negative sentiment towards the company's future prospects.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation plans and tax obligations. These transactions are closely monitored by investors for insights into executive sentiment and company performance.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it involves a small number of shares.

Key Dates

DateDescription
02/18/2022Date of grant for the stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan.
02/18/2025Date of the transaction where 541 shares were disposed of to cover tax obligations.
02/20/2025Date of signature for the Form 4 filing.

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