Form 4: Hays N. Golden Reports Acquisition of New York Times Co. Class A Common Stock

Director Hays N. Golden reports acquiring additional Class A Common Stock of The New York Times Company through dividend equivalent restricted stock units (RSUs).

Summary

• Hays N. Golden, a director of The New York Times Company, filed a Form 4 on April 22, 2024, reporting a transaction on April 18, 2024.
• The transaction involved the acquisition of 95 shares of Class A Common Stock through dividend equivalent restricted stock units (RSUs) at a price of $0.
• These RSUs were acquired in respect of previously reported RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan, and are equivalent to cash dividends paid on the company's Class A Common Stock.
• Following the transaction, Golden directly owns 50,696 shares of Class A Common Stock.
• Golden also indirectly owns 1,400,000 shares through a trust, 117,217 shares through a trust, and 3,450 shares through a spouse, but disclaims beneficial ownership of these shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to director compensation. The acquisition of shares by a director is generally viewed as a positive sign, but the quantity is small.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future.

Industry Context

Insider transactions are routinely monitored and reported to the SEC to ensure transparency and prevent illegal trading activities. This Form 4 filing provides insight into the trading activities of a director of The New York Times Company.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.

Key Dates