Perpich David S. 4
4 · NEW YORK TIMES CO · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
New York Times Director David Perpich Receives Awards, Delivers Shares
What Happened David S. Perpich, a director of The New York Times Company (NYT), was granted equity awards and delivered shares to satisfy tax withholding on vested awards. On February 26, 2026 he received 1,650 time‑based restricted stock units (RSUs) and 20,244 shares from a performance‑based award. To cover tax withholding obligations, he delivered a total of 9,947 shares (319 shares and 9,628 shares) at a reported per‑share value of $77.38, representing withholding equal to about $769,699.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely filing).
- Awards granted: 1,650 stock‑settled RSUs (time‑based) and 20,244 performance‑based shares (no cash paid).
- Shares delivered for tax withholding: 319 shares ($24,684) and 9,628 shares ($745,015) at $77.38 each; total withholding ≈ $769,699.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Footnotes summary:
- F1/F4: Shares were delivered to NYT to satisfy tax withholding on vested/awarded shares.
- F2: The 1,650 RSUs vest in three equal annual installments beginning Feb 26, 2027, subject to continued service.
- F3: The 20,244 shares reflect achievement under a performance award covering 2023–2025.
- F5: Reporting person disclaims beneficial ownership of certain shares per filing language.
- Transaction codes: A = award/grant; F = delivery for tax withholding (not an open‑market sale).
Context
- These actions reflect receipt of equity compensation and routine share withholding to satisfy tax obligations, not an open‑market sale for cash. Awards are time‑ and performance‑conditioned; vesting and ultimate ownership depend on future service/performance conditions. As always, such filings are factual disclosures and do not by themselves indicate the insider’s personal view on the company’s stock.
Insider Transaction Report
Form 4
NEW YORK TIMES CONYT.A
Perpich David S.
Director
Transactions
- Tax Payment
Class A Common Stock
[F1]2026-02-26$77.38/sh−319$24,684→ 25,383 total - Award
Class A Common Stock
[F2][F3]2026-02-26+1,650→ 27,033 total - Award
Class A Common Stock
[F3]2026-02-26+20,244→ 47,277 total - Tax Payment
Class A Common Stock
[F4]2026-02-26$77.38/sh−9,628$745,015→ 37,469 total
Holdings
- 1,400,000(indirect: By Trust)
Class A Common Stock
[F5] - 11,000(indirect: By Trust)
Class A Common Stock
[F5] - 491(indirect: By Children)
Class A Common Stock
- 492(indirect: By Children)
Class A Common Stock
Footnotes (5)
- [F1]Delivery of shares to The New York Times Company to satisfy tax withholding obligations related to the one-third vesting of stock-settled restricted stock units granted on February 26, 2025, under The New York Times Company 2020 Incentive Compensation Plan.
- [F2]Consists of a grant of stock-settled restricted stock units under The New York Times Company 2020 Incentive Compensation Plan. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock and vests in three equal annual installments beginning on February 26, 2027, assuming continued employment through the applicable vesting date.
- [F3]Represents shares acquired by the reporting person upon the achievement of specific goals under pre-established performance measures over a performance period from January 1, 2023 to December 31, 2025, pursuant to a performance-based equity award under The New York Times Company 2020 Incentive Compensation Plan.
- [F4]Delivery of shares to The New York Times Company to satisfy tax withholding obligations related to shares acquired pursuant to the performance-based equity award under The New York Times Company 2020 Incentive Compensation Plan.
- [F5]The reporting person disclaims beneficial ownership of these shares.
Signature
/s/ Scott Warren Goodman as Attorney-in-fact for David S. Perpich|2026-03-02