Perpich David S. 4

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.