Bardeen William 4

What Happened

• William Bardeen, Chief Financial Officer of The New York Times Company, received equity awards on Feb 26, 2026 and delivered shares to the company to satisfy tax withholding. He was granted 31,668 shares under a performance-based award (priced at $0.00) and 6,600 stock-settled restricted stock units (RSUs) (priced at $0.00). To satisfy tax withholding obligations, 16,173 shares were delivered at $77.38 each ($1,251,467) and an additional 746 shares were delivered at $77.38 each ($57,725). Total awards granted = 38,268 shares; total shares delivered for taxes = 16,919 shares (approx. $1,309,192).

Key Details

• Transaction date: February 26, 2026
• Grants: 31,668 performance-based shares @ $0.00; 6,600 RSUs @ $0.00
• Withholding deliveries: 16,173 shares @ $77.38 = $1,251,467; 746 shares @ $77.38 = $57,725
• Total granted: 38,268 shares; total delivered for taxes: 16,919 shares (~$1.31M)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Notable footnotes:
  • F1: Performance award vested based on goals for Jan 1, 2023–Dec 31, 2025.
  • F3: RSUs are stock-settled, vest in three equal annual installments beginning Feb 26, 2027 (subject to continued employment).
  • F2 & F4: Shares were delivered to the company to satisfy tax withholding (not open-market sales).
• Filing: Form 4 filed March 2, 2026 reporting the Feb 26, 2026 transactions; filing does not indicate late status in the excerpt.

Context

• The tax-related “disposals” here are share surrenders to the company to cover withholding, not open-market sales; these are routine and do not necessarily indicate a change in insider sentiment.
• The RSUs vest in future installments (starting 2027), so part of the grant is time-based and contingent on continued employment. The performance grant reflects achievement of multi-year targets (2023–2025).