TOBEN DOREEN A 4
4 · NEW YORK TIMES CO · Filed Apr 29, 2022
Insider Transaction Report
Form 4
TOBEN DOREEN A
Director
Transactions
- Award
Class A Common Stock
2022-04-27+3,836→ 40,368 total - Award
Phantom Stock Unit
2022-04-27+544.067→ 81,492.89 total→ Class A Common Stock (544.067 underlying)
Footnotes (2)
- [F1]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 on the date of the following Annual Meeting of Stockholders. Vested shares will be delivered within 90 days following the cessation of the reporting person's membership on the Board of Directors.
- [F2]Phantom stock units credited to the reporting person's account in respect of dividend equivalent payments and accumulated interest on previously granted phantom stock units. Each phantom stock unit was credited to the reporting person's account under The New York Times Company Non-Employee Directors Deferral Plan, on April 27, 2022, based on the average closing price of a share of Class A Common Stock for the 30 trading days prior to the date of credit. Distribution in cash is generally made following the cessation of the reporting person's membership on the Board of Directors. This transaction involved a derivative security that does not have an exercise date or an expiration date.