NYT (NYSE: NYT) legal chief logs equity awards and tax share deliveries
Rhea-AI Filing Summary
The New York Times Company EVP and Chief Legal Officer Diane Brayton reported equity compensation transactions in Class A Common Stock. She acquired 38,084 shares upon achievement of performance goals under a performance-based equity award tied to the period from January 1, 2023 to December 31, 2025, and separately received a grant of 6,802 stock-settled restricted stock units that vest in three equal annual installments beginning on February 26, 2027, assuming continued employment.
To cover tax withholding obligations related to these awards, 20,036 shares and 785 shares were delivered back to The New York Times Company at a price of $77.38 per share. After these grant, award, and tax-withholding disposition transactions, Brayton directly owned 50,646 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 38,084 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 20,036 | $77.38 | $1.55M |
| Grant/Award | Class A Common Stock | 6,802 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 785 | $77.38 | $61K |
Footnotes (1)
- 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. 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. 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. 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.