Form 4: NYT CFO's Routine Stock Transactions for Tax Obligations
Insider Transaction Report
The New York Times Company's CFO, William Bardeen, reported the disposition of Class A Common Stock to cover tax withholding obligations related to restricted stock unit vesting.
Summary
- William Bardeen, Executive Vice President and Chief Financial Officer of The New York Times Company (NYT), reported two transactions involving Class A Common Stock.
- On February 21, 2026, 655 shares of Class A Common Stock were disposed of at a price of $77.99 per share to satisfy tax withholding obligations.
- This disposition was related to the one-third vesting of stock-settled restricted stock units (RSUs) granted on February 21, 2024, under The New York Times Company 2020 Incentive Compensation Plan.
- On February 22, 2026, an additional 256 shares of Class A Common Stock were disposed of at a price of $77.99 per share for tax withholding purposes.
- This second disposition was linked to the one-third vesting of stock-settled restricted stock units granted on February 22, 2023, also under The New York Times Company 2020 Incentive Compensation Plan.
- Following these transactions, William Bardeen beneficially owns 10,332 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It reports routine, non-discretionary transactions related to executive compensation and tax obligations, providing no new material information regarding the company's operational or financial performance.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that these transactions are routine insider filings, common when executive compensation includes restricted stock units that vest over time. The disposition of shares to cover tax obligations upon vesting is a standard practice and does not typically reflect a discretionary sale by the insider.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine tax-related transactions, not indicative of a change in management's confidence or company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Grant date of restricted stock units, one-third of which vested on 02/22/2026. |
| 02/21/2024 | Grant date of restricted stock units, one-third of which vested on 02/21/2026. |
| 02/21/2026 | Transaction date for the disposition of 655 shares to cover tax withholding. |
| 02/22/2026 | Transaction date for the disposition of 256 shares to cover tax withholding. |
| 02/24/2026 | Filing date of the Form 4. |
Recommendation
holdThis Form 4 filing details routine, non-discretionary transactions by the CFO to cover tax liabilities associated with RSU vesting. It does not provide any new information that would alter the fundamental investment thesis for The New York Times Company, thus a 'hold' recommendation remains appropriate based solely on this filing.
Keywords
NYT, New York Times, William Bardeen, CFO, Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Restricted Stock Units
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