Clifton A. McClelland III - 28 Feb 2023 Form 4 Insider Report for TEGNA INC (TGNA)

Role
SVP, Cntlr and Prin. Acc. Off.
Signature
/s/ Akin S. Harrison, attorney-in-fact
Issuer symbol
TGNA
Transactions as of
28 Feb 2023
Net transactions value
-$182,474
Form type
4
Filing time
02 Mar 2023, 19:18:30 UTC
Previous filing
03 Feb 2023
Next filing
24 May 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 +11,170 +15% 84,807 28 Feb 2023 Direct F1
transaction TGNA Common Stock Options Exercise +2,520 +3% 87,327 28 Feb 2023 Direct F1
transaction TGNA Common Stock Options Exercise +2,899 +3.3% 90,226 28 Feb 2023 Direct F1
transaction TGNA Common Stock Options Exercise +3,294 +3.7% 93,520 28 Feb 2023 Direct F1
transaction TGNA Common Stock Options Exercise +2,729 +2.9% 96,249 28 Feb 2023 Direct F1
transaction TGNA Common Stock Tax liability $182,474 -10,487 -11% $17.40 85,762 28 Feb 2023 Direct F2
holding TGNA Common Stock 6,472 28 Feb 2023 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 2020 Performance Shares Options Exercise $0 -11,170 -100% $0.000000* 0 28 Feb 2023 Common Stock 11,170 Direct F1, F3
transaction TGNA Restricted Stock Units Options Exercise $0 -2,520 -100% $0.000000* 0 28 Feb 2023 Common Stock 2,520 Direct F1, F4
transaction TGNA Restricted Stock Units Options Exercise $0 -2,899 -50% $0.000000 2,900 28 Feb 2023 Common Stock 2,899 Direct F1, F5
transaction TGNA Restricted Stock Units Options Exercise $0 -3,294 -33% $0.000000 6,589 28 Feb 2023 Common Stock 3,294 Direct F1, F6
transaction TGNA Restricted Stock Units Options Exercise $0 -2,729 -25% $0.000000 8,185 28 Feb 2023 Common Stock 2,729 Direct F1, F7
transaction TGNA Restricted Stock Units Award $0 +14,537 $0.000000 14,537 01 Mar 2023 Common Stock 14,537 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each 2020 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 2020 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 2020 Performance Shares vested on February 28, 2023. The corresponding shares of the Issuer's common stock were delivered to the reporting person as to the vested shares on March 1, 2023.
F4 The restricted stock units vested as to 2,520 shares on February 28, 2023. The corresponding shares of the Issuer's common stock were delivered to the reporting person as to the vested shares on March 1, 2023.
F5 The restricted stock units vested as to 2,899 shares on February 28, 2023 and vest as to the remaining shares on 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, 2023 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, 2024.
F6 The restricted stock units vested as to 3,294 shares on February 28, 2023 and vest as to the remaining shares in two equal annual installments on each of 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, 2023 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, 2024.
F7 The restricted stock units vested as to 2,729 shares on February 28, 2023 and vest as to the remaining shares in three equal annual installments on each of February 29, 2024, February 28, 2025 and February 28, 2026. 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, 2023 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, 2024.
F8 The restricted stock units vest in four equal annual installments on each of February 29, 2024, February 28, 2025, February 28, 2026 and February 28, 2027 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, 2024.