Form 4: NYT Executive Sells Shares for Tax Obligations

R. Anthony Benten, SVP, Treasurer & CAO of The New York Times Company, disposed of Class A Common Stock to cover tax withholding obligations related to RSU vesting.

Summary

• R. Anthony Benten, SVP, Treasurer & CAO, disposed of 131 shares of Class A Common Stock on February 21, 2026, at $77.99 per share.
• This disposition was to satisfy tax withholding obligations for the one-third vesting of restricted stock units granted on February 21, 2024, under The New York Times Company 2020 Incentive Compensation Plan.
• An additional 162 shares of Class A Common Stock were disposed of on February 22, 2026, also at $77.99 per share.
• This second disposition covered tax withholding for the one-third vesting of restricted stock units granted on February 22, 2023, under The New York Times Company 2020 Incentive Compensation Plan.
• Following these transactions, Benten beneficially owns 37,479 shares of Class A Common Stock directly.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event. While it represents a reduction in direct holdings, it's a routine, non-discretionary transaction for tax purposes related to executive compensation, not a discretionary sale indicating a change in sentiment.

Positives

• The transactions are routine tax-related dispositions following the vesting of restricted stock units, indicating the executive is receiving compensation as part of their incentive plan.
• The existence of a Rule 10b5-1(c) plan demonstrates pre-planned and compliant trading activity, reducing concerns about opportunistic insider selling.

Negatives

• The executive's direct beneficial ownership of Class A Common Stock decreased by a total of 293 shares due to tax withholding.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as those for tax withholding upon RSU vesting, are common across all industries and typically do not reflect a change in management's outlook on the company's prospects. This is a standard compensation event for executives.

Related Party Transactions

• The disposition of shares to The New York Times Company to satisfy tax withholding obligations is a routine transaction between the executive and the issuer, considered a related party transaction in the context of compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine, non-discretionary transactions for tax purposes, not indicative of a change in company fundamentals or executive confidence.
• Management: R. Anthony Benten's compensation package includes restricted stock units, which are vesting as planned, reflecting the company's compensation structure.

Key Dates

Recommendation

This Form 4 filing details routine, non-discretionary sales of shares by an executive to cover tax obligations upon the vesting of restricted stock units. Such transactions are standard compensation events and do not typically signal a change in the company's fundamental outlook or the executive's confidence. Therefore, it provides no new information that would warrant a change in investment recommendation, maintaining a 'hold' stance.

Keywords

New York Times Company, NYT, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, RSU Vesting, Tax Withholding, R. Anthony Benten, Corporate Officer