Michael F. Steib - Feb 28, 2025 Form 4 Insider Report for TEGNA INC (TGNA)

Role
President and CEO
Signature
/s/ Marc S. Sher, attorney-in-fact
Stock symbol
TGNA
Transactions as of
Feb 28, 2025
Transactions value $
-$728,245
Form type
4
Date filed
3/4/2025, 05:25 PM
Previous filing
Sep 4, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TGNA Common Stock Options Exercise +77.4K 77.4K Feb 28, 2025 Direct F1
transaction TGNA Common Stock Tax liability -$728K -40K -51.7% $18.20 37.4K Feb 28, 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TGNA Restricted Stock Units Options Exercise $0 -77.4K -25% $0.00 232K Feb 28, 2025 Common Stock 77.4K Direct F1, F3
transaction TGNA Restricted Stock Units Award $0 +115K $0.00 115K Mar 1, 2025 Common Stock 115K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the underlying common stock.
F2 Represents shares of common stock withheld to satisfy the reporting person's tax obligation upon the vesting of restricted stock units and the corresponding acquisition of shares of common stock by the reporting person pursuant to the Issuer's 2020 Omnibus Incentive Compensation Plan.
F3 The restricted stock units vested as to 77,399.500 shares on February 28, 2025 and vest as to the remaining shares in three equal annual installments on each of February 28, 2026, February 28, 2027 and February 29, 2028. The corresponding shares of the Issuer's common stock (a) were delivered to the reporting person as to the applicable vested shares on March 1, 2025 and (b) following vesting and unless delivered earlier following a termination of employment of the reporting person or a change in control of the Issuer, will be delivered to the reporting person in three equal annual installments beginning on March 1, 2026.
F4 The restricted stock units vest in four equal annual installments on each of February 28, 2026, February 28, 2027, February 29, 2028 and February 28, 2029 and, unless delivered earlier following a termination of employment of the reporting person or a change in control of the Issuer, will be delivered to the reporting person in four equal annual installments beginning on March 1, 2026.