Sulzberger Arthur G. 4

What Happened

• Arthur G. Sulzberger, Chairman and Publisher and a director of The New York Times Company (NYT), had restricted stock units and performance-based shares vest on Feb 26, 2026. He was credited with 11,001 time-based RSUs (grant) and 93,724 performance shares (acquired), for a total of 104,725 shares awarded/vested at $0.00 per share. To satisfy tax withholding on those awards, he delivered (disposed) 54,067 shares back to the company: 51,830 shares and 2,237 shares, at $77.38 per share, totaling about $4.01M and $0.17M respectively (≈ $4.18M total). These dispositions are tax-withholding actions, not open-market sales.

Key Details

• Transaction date: Feb 26, 2026; Form 4 filed Mar 2, 2026.
• Dispositions (tax withholding): 51,830 shares @ $77.38 = $4,010,605; 2,237 shares @ $77.38 = $173,099 (codes F).
• Awards/acquisitions: 11,001 RSUs (time-based grant) and 93,724 performance-based shares (codes A); combined = 104,725 shares acquired/awarded at $0.00.
• Footnotes: F1/F4 — shares were delivered to the company to satisfy tax withholding; F2 — the 11,001 RSUs vest in three equal annual installments beginning Feb 26, 2027 (subject to continued employment); F3 — the 93,724 shares were earned based on performance for 2023–2025.
• Shares owned after transaction: not specified in the provided filing.
• Filing timing: Form filed Mar 2 for Feb 26 transactions (filed four days later); Form 4s are normally due within two business days, so this filing appears later than typical.

Context

• These transactions reflect award vesting and the routine delivery of shares to satisfy tax withholding (transaction code F). This is not an indicator of an open-market sale or change in voting control—it's a common administrative step when equity awards vest. The time-based RSUs have future vesting installments; the performance award reflects achievement of pre-established goals for the 2023–2025 period.