Form 4: NYT CEO Sells Shares for Tax Obligations
Insider Transaction Report
New York Times CEO Meredith A. Kopit Levien disposed of Class A Common Stock to cover tax withholding obligations related to restricted stock unit vesting.
Summary
- Meredith A. Kopit Levien, President & CEO and Director of The New York Times Company, reported transactions on February 21, 2026, and February 22, 2026.
- These transactions involved the disposition of Class A Common Stock to satisfy tax withholding obligations.
- On February 21, 2026, 2,922 shares were disposed of at a price of $77.99 per share, related to the one-third vesting of restricted stock units granted on February 21, 2024.
- On February 22, 2026, 3,800 shares were disposed of at a price of $77.99 per share, related to the one-third vesting of restricted stock units granted on February 22, 2023.
- Following these transactions, Ms. Kopit Levien beneficially owns 99,643 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. The transactions are routine tax-related sales following RSU vesting and do not reflect a change in the insider's investment sentiment or the company's fundamentals.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that insider transactions, particularly those related to tax withholding upon restricted stock unit (RSU) vesting, are common and generally do not signal a change in management's outlook on the company's prospects. These transactions are often pre-scheduled under Rule 10b5-1 plans.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Grant date of restricted stock units, one-third of which vested on February 22, 2026. |
| 02/21/2024 | Grant date of restricted stock units, one-third of which vested on February 21, 2026. |
| 02/21/2026 | Transaction date for disposition of 2,922 shares to satisfy tax withholding obligations related to 2024 RSU vesting. |
| 02/22/2026 | Transaction date for disposition of 3,800 shares to satisfy tax withholding obligations related to 2023 RSU vesting. |
| 02/24/2026 | Signature date of the reporting person's attorney-in-fact. |
Recommendation
holdThis Form 4 filing details routine insider transactions for tax withholding purposes upon the vesting of restricted stock units. It does not provide new fundamental information about The New York Times Company's financial health, strategic direction, or operational performance. Therefore, it does not warrant a change in investment recommendation based solely on this filing. Investors should continue to hold based on broader company fundamentals and market conditions.
Keywords
NYT, New York Times Company, Meredith A. Kopit Levien, Insider Transaction, Form 4, Stock Sale, Restricted Stock Units, Tax Withholding, CEO, Director
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