Form 4: Diane Brayton, EVP at New York Times Co, Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Diane Brayton, EVP and Chief Legal Officer of The New York Times Company, reported disposing of Class A Common Stock to satisfy tax withholding obligations related to vesting restricted stock units.
Summary
- Diane Brayton, an executive at The New York Times Company, filed a Form 4 detailing changes in beneficial ownership.
- On February 21, 2025, she disposed of 878 shares of Class A Common Stock at $48.76 per share to cover tax obligations related to vesting restricted stock units.
- On February 24, 2025, she disposed of 765 shares of Class A Common Stock at $48.03 per share for the same reason.
- Following these transactions, Brayton directly owns 37,128 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transactions are related to routine tax obligations. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Date of grant for some of the restricted stock units. |
| 02/21/2024 | Date of grant for some of the restricted stock units. |
| 02/21/2025 | Date of first stock disposal to cover tax obligations. |
| 02/24/2025 | Date of second stock disposal to cover tax obligations. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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