Form 4: Meredith A. Kopit Levien, President & CEO of The New York Times Company, Reports Changes in Beneficial Ownership

Meredith A. Kopit Levien, President & CEO of The New York Times Company, reports acquisition and disposal of Class A Common Stock related to performance-based equity awards and tax obligations.

Summary

• On February 26, 2025, Meredith A. Kopit Levien, President & CEO of The New York Times Company, reported changes in beneficial ownership of the company's Class A Common Stock.
• She acquired 93,612 shares upon achievement of performance goals under the 2020 Incentive Compensation Plan.
• She disposed of 47,790 shares to satisfy tax withholding obligations related to the acquired shares at a price of $47.88 per share.
• She was also granted 23,783 stock-settled restricted stock units under the 2020 Incentive Compensation Plan, vesting in three equal annual installments beginning February 26, 2026.
• Following these transactions, she beneficially owns 142,597 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects standard executive compensation practices and does not indicate any significant positive or negative developments for the company.

Positives

• The acquisition of 93,612 shares indicates achievement of performance goals, which can be seen as a positive sign for the company's performance.
• The grant of 23,783 restricted stock units incentivizes continued employment and performance.

Future Outlook

The restricted stock units vest in three equal annual installments beginning on February 26, 2026, assuming continued employment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the executive's holdings and alignment with shareholder interests.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards and restricted stock units to align management's interests with those of shareholders.
• The vesting schedule of the restricted stock units (three equal annual installments) is a common practice.
• Similar filings are made by executives at comparable media companies like News Corp (NWS) and Gannett (GCI).

Stakeholder Impact

• Shareholders can gain insight into management's alignment with company performance through these disclosures.
• Employees may be impacted by the performance goals tied to the equity awards.

Next Steps

• Continued monitoring of insider transactions for any significant changes in ownership.

Key Dates