Form 4: New York Times CFO William Bardeen Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
William Bardeen, EVP and CFO of The New York Times Company, reported disposing of shares to cover tax withholding obligations related to vesting stock-settled restricted stock units.
Summary
- William Bardeen, the EVP and Chief Financial Officer of The New York Times Company, filed a Form 4 detailing changes in beneficial ownership.
- On February 21, 2025, he disposed of 655 shares of Class A Common Stock at $48.76 per share to satisfy tax withholding obligations related to vesting stock-settled restricted stock units granted on February 21, 2024.
- On February 24, 2025, he disposed of 256 shares of Class A Common Stock at $48.03 per share to satisfy tax withholding obligations related to vesting stock-settled restricted stock units granted on February 22, 2023.
- Following these transactions, Bardeen beneficially owns 8,790 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine tax obligations and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Grant date of stock-settled restricted stock units related to the disposal on 02/24/2025. |
| 02/21/2024 | Grant date of stock-settled restricted stock units related to the disposal on 02/21/2025. |
| 02/21/2025 | Disposal of 655 shares of Class A Common Stock at $48.76 per share. |
| 02/24/2025 | Disposal of 256 shares of Class A Common Stock at $48.03 per share. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.