Form 4: New York Times CEO Meredith Kopit Levien Sells 18,300 Shares

Meredith Kopit Levien, President & CEO of The New York Times Company, sold 18,300 shares of Class A Common Stock at an average price of $53.922 on August 12, 2024.

Summary

• On August 12, 2024, Meredith A. Kopit Levien, the President & CEO of The New York Times Company, sold 18,300 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $53.922 per share.
• The prices for individual transactions ranged from $53.910 to $54.035.
• Following the transaction, Levien directly owns 101,772 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by the CEO. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. It's important to consider the context of the sale, such as the executive's overall holdings and any company-specific factors.

Comparison to Industry Standards

• Executive stock sales are a normal part of corporate governance.
• Comparing the size and frequency of these sales to peers like News Corp (NWS) or Gannett (GCI) can provide context.
• However, without knowing the executive's total compensation package and stock options, it's difficult to assess the significance of this sale relative to industry standards.

Stakeholder Impact

• The sale of shares by a high-profile executive could potentially create uncertainty among shareholders, although this is a relatively small transaction.

Key Dates