Form 4: NYT Director Sells Shares for Tax Obligations

David S. Perpich, a director at The New York Times Company, disposed of 131 Class A Common Stock shares to cover tax withholding obligations related to vested restricted stock units.

Summary

• David S. Perpich, a Director of The New York Times Company (NYT.A), reported a transaction.
• On August 11, 2025, 131 shares of Class A Common Stock were disposed of at a price of $57.49 per share.
• The disposition was to satisfy tax withholding obligations arising from the one-third vesting of stock-settled restricted stock units.
• These restricted stock units were originally granted on August 10, 2023, under The New York Times Company 2020 Incentive Compensation Plan.
• Following the transaction, Mr. Perpich directly beneficially owns 26,438 Class A Common Stock shares.
• Indirect beneficial ownership includes 1,400,000 shares and 11,000 shares held by trusts, and 491 shares and 492 shares held as UTMA custodian for minor children.
• Mr. Perpich disclaims beneficial ownership of the shares held by trusts.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction by an insider to cover tax obligations related to vested equity compensation. It has no material positive or negative implications for the company's financial health or strategic direction.

Industry Context

This is a routine insider compensation-related transaction, common across all publicly traded companies. It does not reflect specific industry trends in media or publishing.

Comparison to Industry Standards

• This is a standard Form 4 transaction for tax withholding, common across all industries for executives receiving equity compensation. No specific comparable companies or projects are relevant here.

Stakeholder Impact

• Minimal impact on shareholders as it is a routine, non-discretionary transaction for tax purposes.
• Positive for the reporting person (director) as it signifies the vesting of equity compensation.

Key Dates

Keywords

New York Times, NYT.A, SEC Form 4, Insider Trading, Stock Sale, Director, Restricted Stock Units, Tax Withholding, Corporate Governance