[Form 4] New York Times Co. Insider Trading Activity

Rhea-AI Filing Summary

Bank of Hawaii (BOH) Q2-25 10-Q highlights:

• Net income rose 40% YoY to $47.6 m; diluted EPS up to $1.06 from $0.81.
• Net interest income increased 13% YoY to $129.7 m as higher loan yields offset deposit-rate pressure; interest expense fell 10% to $88.9 m.
• Provision for credit losses modest at $3.3 m (up $0.9 m YoY); allowance remains $148.5 m (1.06% of loans).
• Non-interest income grew 6% to $44.8 m, led by service charges and fee income; securities losses narrowed to $1.1 m.
• Efficiency: non-interest expense up just 1% YoY to $110.8 m despite wage inflation; FDIC special assessment impact eased (expense $3.6 m vs $7.2 m).
• Balance sheet: Assets $23.7 bn (+0.5% YTD); loans $14.0 bn (-0.5% YTD); deposits $20.80 bn (+0.8%). Time deposits remain 15% of mix. Liquidity strong with $769 m cash.
• Capital: Common equity up 5% YTD to $1.74 bn; AOCI loss improved to -$299 m from -$343 m on bond price recovery. CET1 ratio not disclosed in excerpt, but equity/assets at 7.4%.
• Shareholder returns: $0.70 common dividend maintained (payout 66% of Q2 earnings); preferred dividends $5.3 m.

Overall, BOH delivered solid YoY earnings growth, controlled expenses, and stable credit quality, while deposit funding stabilized in a high-rate environment.

Positive

• Diluted EPS grew 31% YoY to $1.06, reflecting stronger core profitability.
• Net interest income rose 13% as deposit costs moderated, supporting margin resilience.
• Comprehensive income boosted by $19 m improvement in unrealized securities, reducing AOCI loss to −$299 m.
• Expense control: total non-interest expense up only 1% YoY despite inflationary pressures.

Negative

• AOCI remains sizable at −$299 m, still weighing on tangible book value.
• Loan portfolio contracted 0.5% YTD, signaling muted growth in core assets.
• Provision for credit losses increased 35% YoY, albeit from a low base.

Insights

Senior Bank Analyst

TL;DR – EPS up 31%, NII strength offsets deposit cost; credit and expenses stable—positive read-through.

BOH’s Q2 print shows the franchise navigating higher rates better than peers. Net interest income rose 13% YoY as asset yields repriced faster than funding. Deposit costs eased (interest expense –10%), indicating mix shift toward lower-cost savings. Credit remains benign: ACL/loans steady at 1.06%, with low provisioning. Non-interest revenue growth and fading FDIC surcharge aided pre-provision earnings. AOCI drag is narrowing, lifting tangible book. Shares yield 5% and payout is covered at 1.6×.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Bronstein Manuel

(Last) (First) (Middle)

THE NEW YORK TIMES COMPANY

620 EIGHTH AVENUE

(Street)

NEW YORK NY 10018

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NEW YORK TIMES CO [ NYT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock(1)	07/24/2025		A		59	A	$0	17,919	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted Stock Units ("RSUs") acquired in respect of previously reported RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan in connection with, and with a value equal to, cash dividends paid on The New York Times Company's Class A Common Stock ("Dividend Equivalent RSUs"). Dividend Equivalent RSUs granted in respect of vested RSUs are fully vested at grant. Dividend Equivalent RSUs granted in respect of unvested RSUs will vest on the date that such unvested RSUs vest, which is the date of the Company's first annual meeting following the initial grant.

Remarks:

	/s/ Michael A. Brown, Attorney-in-fact for Manuel Bronstein	07/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What were Bank of Hawaii’s Q2 2025 earnings per share (BOH)?

Diluted EPS was $1.06, up from $0.81 in Q2 2024.

How did BOH’s net interest income change year over year?

Net interest income increased 13% YoY to $129.7 million.

Did Bank of Hawaii’s deposits grow in the first half of 2025?

Yes. Deposits reached $20.80 billion, up 0.8% from year-end 2024.

What is the current allowance for credit losses at BOH?

As of 6/30/25, the allowance is $148.5 million, 1.06% of total loans.

What dividend did BOH declare for Q2 2025?

The board declared a $0.70 per common share dividend, unchanged YoY.

How large is Bank of Hawaii’s accumulated other comprehensive loss?

AOCI stands at −$299 million, improved from −$343 million at 12/31/24.