Form 4: New York Times CEO Meredith Kopit Levien Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Meredith Kopit Levien, President & CEO of The New York Times Company, sold shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 18, 2025, Meredith A. Kopit Levien, President & CEO of The New York Times Company, disposed of 2,386 shares of Class A Common Stock.
- The shares were sold at a price of $49.75 per share.
- This transaction was to satisfy tax withholding obligations related to the vesting of stock-settled restricted stock units granted on February 18, 2022.
- Following the transaction, Levien directly owns 79,517 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Executive stock sales to cover tax obligations upon vesting of restricted stock units are a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/18/2022 | Date of grant for the stock-settled restricted stock units. |
| 02/18/2025 | Date of the transaction (sale of shares). |
| 02/20/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Insider Trading, Stock Sale, Meredith Kopit Levien, New York Times Company, NYT, Executive Compensation, Restricted Stock Units, Tax Withholding
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