Perpich of New York Times (NYT) reports awards and tax-share deliveries
Rhea-AI Filing Summary
New York Times Company director David S. Perpich reported equity award activity and related tax withholding in Class A Common Stock. On February 26, 2026, he delivered 319 shares and 9,628 shares to The New York Times Company at $77.38 per share to satisfy tax withholding obligations tied to restricted stock unit vesting and a performance-based equity award.
He was granted 1,650 stock-settled restricted stock units, each representing one share of Class A Common Stock, which vest in three equal annual installments beginning February 26, 2027, assuming continued employment. He also acquired 20,244 shares upon achievement of specific goals under pre-established performance measures for the period from January 1, 2023 to December 31, 2025 under the 2020 Incentive Compensation Plan.
Following these transactions, Perpich reports direct ownership of 37,469 Class A shares. He also reports indirect holdings of 1,400,000 shares and 11,000 shares held by trusts and 491 and 492 shares as UTMA custodian for minor children, while disclaiming beneficial ownership of these indirect holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 319 | $77.38 | $25K |
| Grant/Award | Class A Common Stock | 1,650 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 20,244 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 9,628 | $77.38 | $745K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- 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. 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. 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. The reporting person disclaims beneficial ownership of these shares.