New York Times Director David Perpich Surrenders 131 Shares for Taxes

What Happened
David S. Perpich, a director of The New York Times Company (NYT.A), delivered 131 shares to the company on 2026-08-10 to satisfy tax withholding obligations tied to the vesting of restricted stock units. The shares were valued at $63.54 each, for a total of approximately $8,324. This was a tax-withholding share surrender related to RSU vesting, not an open-market sale.

Key Details

• Transaction date: 2026-08-10; Form 4 filed: 2026-08-12 (timely filing).
• Shares surrendered/disposed: 131 at $63.54 per share; total value ≈ $8,324.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Shares were delivered to The New York Times Company to satisfy tax withholding for one‑third vesting of stock‑settled RSUs granted Aug 10, 2023 under the 2020 Incentive Compensation Plan.
  • F2: The reporting person disclaims beneficial ownership of these shares.
• Transaction code: F (tax withholding).

Context
This was a routine tax-withholding transaction tied to RSU vesting — the company accepted shares to cover withholding rather than the director selling shares on the open market. Such transactions are common and typically reflect tax mechanics rather than a buy/sell signal about the stock.