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

Role: SVP, Cntlr and Prin. Acc. Off.
Signature: /s/ Akin S. Harrison, attorney-in-fact
Stock symbol: TGNA
Transactions as of: Feb 28, 2023
Transactions value $: -$182,474
Form type: 4
Date filed: 3/2/2023, 07:18 PM
Previous filing: Feb 3, 2023
Next filing: May 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TGNA	Common Stock	Options Exercise		+11.2K	+15.17%		84.8K	Feb 28, 2023	Direct	F1
transaction	TGNA	Common Stock	Options Exercise		+2.52K	+2.97%		87.3K	Feb 28, 2023	Direct	F1
transaction	TGNA	Common Stock	Options Exercise		+2.9K	+3.32%		90.2K	Feb 28, 2023	Direct	F1
transaction	TGNA	Common Stock	Options Exercise		+3.29K	+3.65%		93.5K	Feb 28, 2023	Direct	F1
transaction	TGNA	Common Stock	Options Exercise		+2.73K	+2.92%		96.2K	Feb 28, 2023	Direct	F1
transaction	TGNA	Common Stock	Tax liability	-$182K	-10.5K	-10.9%	$17.40	85.8K	Feb 28, 2023	Direct	F2
holding	TGNA	Common Stock						6.47K	Feb 28, 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	-11.2K	-100%	$0.00^*	0	Feb 28, 2023	Common Stock	11.2K		Direct	F1, F3
transaction	TGNA	Restricted Stock Units	Options Exercise	$0	-2.52K	-100%	$0.00^*	0	Feb 28, 2023	Common Stock	2.52K		Direct	F1, F4
transaction	TGNA	Restricted Stock Units	Options Exercise	$0	-2.9K	-49.99%	$0.00	2.9K	Feb 28, 2023	Common Stock	2.9K		Direct	F1, F5
transaction	TGNA	Restricted Stock Units	Options Exercise	$0	-3.29K	-33.33%	$0.00	6.59K	Feb 28, 2023	Common Stock	3.29K		Direct	F1, F6
transaction	TGNA	Restricted Stock Units	Options Exercise	$0	-2.73K	-25%	$0.00	8.19K	Feb 28, 2023	Common Stock	2.73K		Direct	F1, F7
transaction	TGNA	Restricted Stock Units	Award	$0	+14.5K		$0.00	14.5K	Mar 1, 2023	Common Stock	14.5K		Direct	F1, F8

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

Explanation of Responses:

Id	Content
F1	Each 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.