David T. Lougee - Feb 28, 2023 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, 2023
Transactions value $
-$3,206,855
Form type
4
Date filed
3/2/2023, 07:19 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 +326K +49.22% 988K Feb 28, 2023 Direct F1
transaction TGNA Common Stock Options Exercise +23.3K +2.36% 1.01M Feb 28, 2023 Direct F1
transaction TGNA Common Stock Options Exercise +24.2K +2.39% 1.04M Feb 28, 2023 Direct F1
transaction TGNA Common Stock Options Exercise +18.8K +1.81% 1.05M Feb 28, 2023 Direct F1
transaction TGNA Common Stock Options Exercise +16.6K +1.58% 1.07M Feb 28, 2023 Direct F1
transaction TGNA Common Stock Tax liability -$3.21M -184K -17.22% $17.40 886K Feb 28, 2023 Direct F2
holding TGNA Common Stock 6.49K 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 -326K -100% $0.00* 0 Feb 28, 2023 Common Stock 326K Direct F1, F3
transaction TGNA Restricted Stock Units Options Exercise $0 -23.3K -100% $0.00* 0 Feb 28, 2023 Common Stock 23.3K Direct F1, F4
transaction TGNA Restricted Stock Units Options Exercise $0 -24.2K -50% $0.00 24.2K Feb 28, 2023 Common Stock 24.2K Direct F1, F5
transaction TGNA Restricted Stock Units Options Exercise $0 -18.8K -33.33% $0.00 37.5K Feb 28, 2023 Common Stock 18.8K Direct F1, F6
transaction TGNA Restricted Stock Units Options Exercise $0 -16.6K -25% $0.00 49.9K Feb 28, 2023 Common Stock 16.6K Direct F1, F7
transaction TGNA Restricted Stock Units Award $0 +88.6K $0.00 88.6K Mar 1, 2023 Common Stock 88.6K 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 23,275 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 24,160 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 18,772 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 16,627 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.