Form 4: New York Times Co Director David S. Perpich Reports Stock Transaction

Director David S. Perpich of The New York Times Company reports a transaction involving Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On August 10, 2024, David S. Perpich, a director of The New York Times Company, reported a transaction involving the company's Class A Common Stock.
• The transaction involved the disposal of 95 shares at a price of $53.97 to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Perpich directly owns 24,302 shares of Class A Common Stock.
• Perpich also indirectly owns 186,901 shares through a trust, as well as 1,400,000 shares, 11,000 shares, 491 shares as UTMA custodian for a minor child, and 492 shares as UTMA custodian for a minor child through other trusts.
• Perpich disclaims beneficial ownership of the shares held in trust.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing related to stock transactions. It doesn't contain any information that would significantly impact investor sentiment positively or negatively. The sentiment is neutral to slightly positive due to the vesting of stock units, indicating compensation and alignment with company performance.

Management Comments

• The reporting person disclaims beneficial ownership of these shares.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares disposed of by a director to cover tax obligations.

Key Dates