David T. Lougee - Feb 28, 2022 Form 4 Insider Report for TEGNA INC (TGNA)

Role: President and CEO, Director
Signature: /s/ Akin S. Harrison, attorney-in-fact
Stock symbol: TGNA
Transactions as of: Feb 28, 2022
Transactions value $: -$3,358,880
Form type: 4
Date filed: 3/2/2022, 03:54 PM
Previous filing: Feb 25, 2022
Next filing: Feb 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TGNA	Common Stock	Options Exercise		+239K	+49.44%		723K	Feb 28, 2022	Direct	F1
transaction	TGNA	Common Stock	Options Exercise		+19.7K	+2.73%		742K	Feb 28, 2022	Direct	F1
transaction	TGNA	Common Stock	Options Exercise		+23.3K	+3.14%		766K	Feb 28, 2022	Direct	F1
transaction	TGNA	Common Stock	Options Exercise		+24.2K	+3.16%		790K	Feb 28, 2022	Direct	F1
transaction	TGNA	Common Stock	Options Exercise		+18.8K	+2.38%		808K	Feb 28, 2022	Direct	F1
transaction	TGNA	Common Stock	Tax liability	-$3.36M	-147K	-18.13%	$22.92	662K	Feb 28, 2022	Direct	F2
holding	TGNA	Common Stock						5.81K	Feb 28, 2022	By 401(k) Plan

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	2019 Performance Shares	Options Exercise	$0	-239K	-100%	$0.00^*	0	Feb 28, 2022	Common Stock	239K		Direct	F1, F3
transaction	TGNA	Restricted Stock Units	Options Exercise	$0	-19.7K	-100%	$0.00^*	0	Feb 28, 2022	Common Stock	19.7K		Direct	F1, F4
transaction	TGNA	Restricted Stock Units	Options Exercise	$0	-23.3K	-50%	$0.00	23.3K	Feb 28, 2022	Common Stock	23.3K		Direct	F1, F5
transaction	TGNA	Restricted Stock Units	Options Exercise	$0	-24.2K	-33.33%	$0.00	48.3K	Feb 28, 2022	Common Stock	24.2K		Direct	F1, F6
transaction	TGNA	Restricted Stock Units	Options Exercise	$0	-18.8K	-25%	$0.00	56.3K	Feb 28, 2022	Common Stock	18.8K		Direct	F1, F7
transaction	TGNA	Restricted Stock Units	Award	$0	+66.5K		$0.00	66.5K	Mar 1, 2022	Common Stock	66.5K		Direct	F1, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each 2019 Performance Share and 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 2019 Performance Shares and restricted stock units and the corresponding acquisition of shares of common stock by the reporting person pursuant to the Issuer's 2001 Omnibus Incentive Compensation Plan (Amended and Restated as of May 4, 2010), as amended, or the Issuer's 2020 Omnibus Incentive Compensation Plan, as applicable.
F3	The 2019 Performance Shares vested on February 28, 2022. The corresponding shares of the Issuer's common stock were delivered to the reporting person as to the vested shares on March 1, 2022.
F4	The restricted stock units vested as to 19,740 shares on February 28, 2022. The corresponding shares of the Issuer's common stock were delivered to the reporting person as to the vested shares on March 1, 2022.
F5	The restricted stock units vested as to 23,275 shares on February 28, 2022 and vest as to the remaining shares on February 28, 2023. 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, 2022 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 on March 1, 2023.
F6	The restricted stock units vested as to 24,160 shares on February 28, 2022 and vest as to the remaining shares in two equal annual installments on each of February 28, 2023 and February 29, 2024. 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, 2022 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 two equal annual installments beginning on March 1, 2023.
F7	The restricted stock units vested as to 18,771 shares on February 28, 2022 and vest as to the remaining shares in three equal annual installments on each of February 28, 2023, February 29, 2024 and February 28, 2025. 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, 2022 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, 2023.
F8	The restricted stock units vest in four equal annual installments on each of February 28, 2023, February 29, 2024, February 28, 2025 and February 28, 2026 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, 2023.