Form 4: New York Times CFO William Bardeen Reports Stock Transaction

William Bardeen, CFO of The New York Times Company, reported a transaction involving Class A Common Stock on February 18, 2025, to satisfy tax withholding obligations.

Summary

• On February 18, 2025, William Bardeen, the Chief Financial Officer of The New York Times Company, engaged in a transaction involving the company's Class A Common Stock.
• The transaction involved the disposal of 261 shares 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, under the company's 2020 Incentive Compensation Plan.
• Following the reported transaction, Bardeen beneficially owns 9,701 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates the executive is receiving and managing their equity compensation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of covering tax obligations related to stock vesting, which is common across publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

Form 4, William Bardeen, NYT, New York Times Company, Class A Common Stock, CFO, Beneficial Ownership, Stock Transaction, Tax Withholding