Form 4: New York Times Company Executive Acquires and Disposes of Class A Common Stock

R. Anthony Benten, SVP, Treasurer & CAO of The New York Times Company, reports transactions involving Class A Common Stock, including acquisition through performance-based equity awards and restricted stock units, as well as disposal to cover tax obligations.

Summary

• On February 26, 2025, R. Anthony Benten, SVP, Treasurer & CAO of The New York Times Company, engaged in transactions involving the company's Class A Common Stock.
• Benten acquired 4,680 shares through a performance-based equity award at $0.
• He disposed of 1,932 shares at $47.88 to satisfy tax withholding obligations related to the performance-based equity award.
• Additionally, Benten acquired 793 shares in the form of stock-settled restricted stock units at $0.
• Following these transactions, Benten beneficially owns 41,675 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects routine insider transactions related to compensation, with no clear positive or negative implications for the company's outlook.

Positives

• Acquisition of shares through performance-based equity award indicates achievement of specific goals.
• Grant of restricted stock units aligns executive interests with long-term company performance.

Future Outlook

The restricted stock units will vest in three equal annual installments beginning on February 26, 2026, assuming continued employment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• Provides transparency to shareholders regarding executive compensation and stock ownership.
• No immediate impact on employees, customers, suppliers, or creditors.

Next Steps

• Continued monitoring of insider transactions for further insights into management's perspective.

Key Dates