David T. Lougee - Nov 30, 2023 Form 4 Insider Report for TEGNA INC (TGNA)

Signature
/s/ Marc S. Sher, attorney-in-fact
Stock symbol
TGNA
Transactions as of
Nov 30, 2023
Transactions value $
-$1,538,000
Form type
4
Date filed
12/4/2023, 04:30 PM
Previous filing
Aug 9, 2023
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TGNA Common Stock Sale -$1.54M -100K -11.28% $15.38 786K Nov 30, 2023 Direct F1
holding TGNA Common Stock 7.08K Nov 30, 2023 By 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is the weighted average price. These shares were sold pursuant to Mr. Lougee's Rule 10b5-1 trading plan, adopted on August 30, 2023, in multiple transactions at prices ranging from $15.25 to $15.50, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.