NYT (NYT) chair gets stock awards, delivers shares to cover taxes
Rhea-AI Filing Summary
The New York Times Company chairman and publisher Arthur G. Sulzberger reported a mix of equity grants and share deliveries for taxes involving Class A Common Stock. On February 26, he delivered 2,237 and 51,830 shares to the company at $77.38 per share to cover tax withholding on previously granted restricted stock units and on a performance-based equity award.
On the same date, he was credited with 11,001 stock-settled restricted stock units that vest in three equal annual installments beginning on February 26, 2027, and 93,724 shares tied to performance goals measured from January 1, 2023 to December 31, 2025. The filing also notes additional indirect holdings in various trusts and as custodian for a minor child.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 50,658 shares
Net Buy
8 txns
Insider
Sulzberger Arthur G.
Role
Chairman and Publisher
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 2,237 | $77.38 | $173K |
| Grant/Award | Class A Common Stock | 11,001 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 93,724 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 51,830 | $77.38 | $4.01M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 185,338 shares (Direct);
Class A Common Stock — 1,465,148 shares (Indirect, By trust.);
Class A Common Stock — 1,554 shares (Indirect, As UTMA custodian for minor child.)
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did NYT chairman Arthur G. Sulzberger report?
Arthur G. Sulzberger reported equity award activity and tax share deliveries. He delivered shares to The New York Times Company for tax withholding and received new restricted stock units plus performance-based shares under the 2020 Incentive Compensation Plan.
What new equity awards did Arthur G. Sulzberger receive from NYT?
He received 11,001 stock-settled restricted stock units and 93,724 performance-based shares. The restricted stock units vest in three equal annual installments beginning February 26, 2027, while the performance-based shares reflect goals measured from January 1, 2023 to December 31, 2025.
How are Arthur G. Sulzberger’s new NYT restricted stock units structured?
Each restricted stock unit represents a contingent right to one NYT Class A share. The 11,001 units vest in three equal annual installments, starting February 26, 2027, assuming Sulzberger’s continued employment through each applicable vesting date.
What performance period applies to Sulzberger’s NYT performance-based equity award?
The performance-based equity award covers a period from January 1, 2023 to December 31, 2025. Shares reported as acquired reflect achievement of specific goals under pre-established performance measures in The New York Times Company 2020 Incentive Compensation Plan.