Form 4: New York Times Company Executive Sells Shares
SEC Form 4 Filing
R. Anthony Benten, SVP, Treasurer & CAO of The New York Times Company, sold 5,171 shares of Class A Common Stock at an average price of $48.9815 on May 21, 2024.
Summary
- On May 21, 2024, R. Anthony Benten, the SVP, Treasurer & CAO of The New York Times Company, sold 5,171 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $48.9815 per share.
- The prices for individual transactions ranged from $48.790 to $49.125.
- Following the transaction, Benten directly owns 38,576 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing for an insider stock sale, which is a neutral event. The sentiment is neither positive nor negative.
Industry Context
Insider sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's valuation and future prospects. However, they can be for a variety of reasons including diversification, tax planning, or personal expenses.
Stakeholder Impact
- The stock sale could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of the stock sale transaction. |
| 05/23/2024 | Date of the signature on the Form 4 filing. |
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