Form 4: NYT CFO Sells Shares, Covers Tax Obligations

The New York Times Company's CFO, William Bardeen, sold 5,000 shares and disposed of 484 shares for tax withholding, reducing his direct beneficial ownership.

Summary

• William Bardeen, Executive Vice President and Chief Financial Officer of The New York Times Company, reported two transactions involving Class A Common Stock.
• On August 11, 2025, 484 shares were disposed of at a price of $57.49 per share. This transaction was to satisfy tax withholding obligations related to the one-third vesting of stock-settled restricted stock units granted on August 10, 2023, under The New York Times Company 2020 Incentive Compensation Plan.
• On August 12, 2025, an additional 5,000 shares were sold in the open market at a price of $58.04 per share.
• Following these reported transactions, Mr. Bardeen directly beneficially owns 11,243 shares of Class A Common Stock.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the insider sale of shares, although one transaction was for routine tax withholding purposes. This type of filing primarily reports factual transactions rather than providing strategic or financial performance insights.

Positives

• The vesting of restricted stock units indicates the continued retention and compensation of a key executive.

Negatives

• The sale of 5,000 shares by a key executive reduces insider ownership in the company.

Future Outlook

This filing is a report of insider transactions and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing reports routine insider transactions and does not provide information directly related to broader industry trends or competitor performance.

Stakeholder Impact

• Shareholders: The reduction in direct beneficial ownership by a key executive may be perceived as a slight negative signal, though the tax-related disposition is a routine event.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions, including a sale for tax obligations and an open market sale. While insider selling can sometimes be a negative signal, the reported volume is not exceptionally large, and the filing itself does not provide new fundamental information about the company's operations or financial health. Therefore, it does not warrant a strong buy or sell recommendation based solely on this report; a 'hold' stance is appropriate pending further comprehensive analysis of the company's financial performance and strategic direction.

Keywords

NYT, New York Times, William Bardeen, CFO, Insider Trading, Stock Sale, Form 4, Beneficial Ownership, Restricted Stock Units, Tax Withholding