Akinyale S. Harrison - 28 Feb 2022 Form 4 Insider Report for TEGNA INC (TGNA)

Role: SVP and General Counsel
Signature: /s/ Akin S. Harrison
Issuer symbol: TGNA
Transactions as of: 28 Feb 2022
Net transactions value: -$572,885
Form type: 4
Filing time: 02 Mar 2022, 15:54:55 UTC
Previous filing: 25 Feb 2022
Next filing: 03 Feb 2023
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		+32,316	+83%		71,370	28 Feb 2022	Direct	F1
transaction	TGNA	Common Stock	Options Exercise		+2,461	+3.4%		73,831	28 Feb 2022	Direct	F1
transaction	TGNA	Common Stock	Options Exercise		+4,781	+6.5%		78,612	28 Feb 2022	Direct	F1
transaction	TGNA	Common Stock	Options Exercise		+6,505	+8.3%		85,117	28 Feb 2022	Direct	F1
transaction	TGNA	Common Stock	Options Exercise		+5,342	+6.3%		90,459	28 Feb 2022	Direct	F1
transaction	TGNA	Common Stock	Tax liability	$572,885	-24,995	-28%	$22.92	65,464	28 Feb 2022	Direct	F2
holding	TGNA	Common Stock						3,359	28 Feb 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	-32,316	-100%	$0.000000^*	0	28 Feb 2022	Common Stock	32,316		Direct	F1, F3
transaction	TGNA	Restricted Stock Units	Options Exercise	$0	-2,461	-100%	$0.000000^*	0	28 Feb 2022	Common Stock	2,461		Direct	F1, F4
transaction	TGNA	Restricted Stock Units	Options Exercise	$0	-4,781	-50%	$0.000000	4,782	28 Feb 2022	Common Stock	4,781		Direct	F1, F5
transaction	TGNA	Restricted Stock Units	Options Exercise	$0	-6,505	-33%	$0.000000	13,010	28 Feb 2022	Common Stock	6,505		Direct	F1, F6
transaction	TGNA	Restricted Stock Units	Options Exercise	$0	-5,342	-25%	$0.000000	16,029	28 Feb 2022	Common Stock	5,342		Direct	F1, F7
transaction	TGNA	Restricted Stock Units	Award	$0	+20,464		$0.000000	20,464	01 Mar 2022	Common Stock	20,464		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 2,461 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 4,781 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 6,505 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 5,342 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.