NYT.NYSENew York Times CO

Form 4: The New York Times Company: Officer Benten Reports Stock Disposal for Tax Obligations

Sentiment:

SEC Form 4 Filing

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SVP, Treasurer & CAO of The New York Times Company, R. Anthony Benten, reports disposing of 150 shares of Class A Common Stock to cover tax obligations related to vesting of restricted stock units.

Summary

  • On February 18, 2025, R. Anthony Benten, SVP, Treasurer & CAO of The New York Times Company, disposed of 150 shares of Class A Common Stock.
  • The disposal was to satisfy tax withholding obligations related to the vesting of stock-settled restricted stock units granted on February 18, 2022.
  • The shares were disposed of at a price of $49.75 per share.
  • Following the transaction, Benten directly owns 38,426 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects standard compensation practices and tax obligations.

Industry Context

Form 4 filings are standard practice for company insiders reporting transactions in their company's stock. This filing indicates routine activity related to executive compensation and tax obligations.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it involves a small number of shares and is related to standard executive compensation practices.

Key Dates

DateDescription
02/18/2022Date of grant for stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan.
02/18/2025Date of transaction: disposal of shares to cover tax obligations.
02/20/2025Date of signature for the Form 4 filing.

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