Form 4: NYT CEO Sells 16,972 Shares Under Pre-Arranged Plan
Insider Transaction Report
Meredith A. Kopit Levien, President and CEO of The New York Times Company, sold 16,972 shares of Class A Common Stock for approximately $1.01 million under a Rule 10b5-1 plan.
Summary
- Meredith A. Kopit Levien, who serves as Director, President, and CEO of The New York Times Company (NYT), reported a sale of company stock.
- On November 6, 2025, 16,972 shares of Class A Common Stock were disposed of.
- The shares were sold at a weighted average price of $59.683 per share, with individual transactions ranging from $59.660 to $59.780.
- The total value of the shares sold is approximately $1,011,600.
- This transaction was executed pursuant to a pre-arranged Rule 10b5-1(c) trading plan.
- Following this transaction, Meredith A. Kopit Levien directly beneficially owns 106,365 shares of Class A Common Stock.
Sentiment
Score: 4
Explanation: The sentiment is slightly negative due to an insider sale by the CEO, although mitigated by the fact it was a pre-planned transaction under a Rule 10b5-1 plan, which suggests it's not based on new, negative information.
Positives
- The transaction was conducted under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not based on immediate insider information.
Negatives
- An insider sale by the President and CEO, even if pre-planned, can sometimes be perceived negatively by investors as it reduces the insider's direct stake in the company.
Risks
- While the sale was pre-planned, significant insider selling could potentially be interpreted by some investors as a lack of confidence in the company's near-term growth prospects, though this is not explicitly stated as a risk in the filing itself.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Management Comments
- The reporting person undertakes to provide to The New York Times Company, any security holder of The New York Times Company, or the staff of the Securities and Exchange Commission, upon request, the information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Industry Context
This insider transaction is a routine disclosure for publicly traded companies and does not inherently reflect broader industry trends. It is specific to the individual's personal financial planning.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Meredith Kopit Levien granted a Power of Attorney to Diane Brayton, Michael A. Brown, Elah Lanis, and Amanda Schwarzenbart to execute and file SEC Forms ID, 3, 4, and 5 on her behalf, and to manage her EDGAR account. | 2025-08-07 | This streamlines the process for timely and accurate SEC filings for the reporting person, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. |
Stakeholder Impact
- Shareholders: May view the CEO's sale of shares, even if pre-planned, with some scrutiny, potentially impacting sentiment. However, the 10b5-1 plan mitigates concerns about opportunistic selling.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 2025-08-07 | Date of execution for the Power of Attorney granted by Meredith Kopit Levien. |
| 2025-11-06 | Date of the reported transaction (sale of Class A Common Stock). |
| 2025-11-10 | Date the Form 4 was signed and filed. |
Keywords
The New York Times Company, NYT, Meredith A. Kopit Levien, Insider Trading, Form 4, Stock Sale, CEO, Rule 10b5-1, Class A Common Stock
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