Welch Jacqueline M 4
4 · NEW YORK TIMES CO · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
New York Times (NYT) EVP Jacqueline Welch Receives Award; Sells Shares for Taxes
What Happened
Jacqueline M. Welch, Executive Vice President and Chief Human Resources Officer of The New York Times Company, received equity awards totaling 24,817 shares on February 26, 2026 (23,029 performance-based shares and 1,788 restricted stock units). To satisfy tax withholding obligations tied to those and prior awards, she delivered (disposed) 10,270 shares and 310 shares at $77.38 each, generating withholding values of $794,693 and $23,988 respectively (total $818,681). The awards themselves were granted at $0.00 exercise/price (stock grants/RSUs).
Key Details
- Transaction date: 2026-02-26. Award entries recorded at $0.00; withholding deliveries recorded at $77.38 per share.
- Shares received: 23,029 (performance-based award) + 1,788 (stock-settled RSUs) = 24,817 shares granted.
- Shares delivered for tax withholding: 10,270 + 310 = 10,580 shares; total withholding value reported $818,681.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes: F1 — performance-based award covering 1/1/2023–12/31/2025; F2 & F4 — shares delivered to the company to satisfy tax withholding; F3 — RSUs vest in three equal annual installments beginning Feb 26, 2027.
- Filing timeliness: no late filing indication provided in the supplied data.
Context
These were not open-market sales but shares delivered back to the company to satisfy tax withholding obligations (a common, administrative step following awards/vests). The performance-based shares reflect achievement of pre-established goals over a multi-year performance period; the RSUs vest over future years, so much of the grant is subject to continued employment and future vesting. Such award grants and tax-withholding share deliveries are routine equity-compensation mechanics and do not necessarily indicate the insider’s buy/sell sentiment.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-02-26+23,029→ 36,665 total - Tax Payment
Class A Common Stock
[F2]2026-02-26$77.38/sh−10,270$794,693→ 26,395 total - Award
Class A Common Stock
[F3]2026-02-26+1,788→ 28,183 total - Tax Payment
Class A Common Stock
[F4]2026-02-26$77.38/sh−310$23,988→ 27,873 total
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.