David T. Lougee - Feb 29, 2024 Form 4 Insider Report for TEGNA INC (TGNA)

Role
President and CEO, Director
Signature
/s/ Marc S. Sher, attorney-in-fact
Stock symbol
TGNA
Transactions as of
Feb 29, 2024
Transactions value $
-$1,533,507
Form type
4
Date filed
3/4/2024, 08:22 PM
Previous filing
Feb 23, 2024
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TGNA Common Stock Options Exercise +161K +25.29% 797K Feb 29, 2024 Direct F1
transaction TGNA Common Stock Options Exercise +24.2K +3.03% 821K Feb 29, 2024 Direct F1
transaction TGNA Common Stock Options Exercise +18.8K +2.29% 840K Feb 29, 2024 Direct F1
transaction TGNA Common Stock Options Exercise +16.6K +1.98% 857K Feb 29, 2024 Direct F1
transaction TGNA Common Stock Options Exercise +22.1K +2.58% 879K Feb 29, 2024 Direct F1
transaction TGNA Common Stock Tax liability -$1.53M -109K -12.45% $14.01 769K Feb 29, 2024 Direct F2
holding TGNA Common Stock 7.53K Feb 29, 2024 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 2021 Performance Shares Options Exercise $0 -161K -100% $0.00* 0 Feb 29, 2024 Common Stock 161K Direct F1, F3
transaction TGNA Restricted Stock Units Options Exercise $0 -24.2K -100% $0.00* 0 Feb 29, 2024 Common Stock 24.2K Direct F1, F4
transaction TGNA Restricted Stock Units Options Exercise $0 -18.8K -50% $0.00 18.8K Feb 29, 2024 Common Stock 18.8K Direct F1, F5
transaction TGNA Restricted Stock Units Options Exercise $0 -16.6K -33.33% $0.00 33.3K Feb 29, 2024 Common Stock 16.6K Direct F1, F6
transaction TGNA Restricted Stock Units Options Exercise $0 -22.1K -25% $0.00 66.4K Feb 29, 2024 Common Stock 22.1K Direct F1, F7
transaction TGNA Restricted Stock Units Award $0 +143K $0.00 143K Mar 1, 2024 Common Stock 143K Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each 2021 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 2021 Performance Shares and restricted stock units and the corresponding acquisition of shares of common stock by the reporting person pursuant to the Issuer's 2020 Omnibus Incentive Compensation Plan.
F3 The 2021 Performance Shares vested on February 29, 2024. The corresponding shares of the Issuer's common stock were delivered to the reporting person as to the vested shares on March 1, 2024.
F4 The restricted stock units vested as to 24,161 shares on February 29, 2024. The corresponding shares of the Issuer's common stock were delivered to the reporting person as to the vested shares on March 1, 2024.
F5 The restricted stock units vested as to 18,771 shares on February 29, 2024 and vest as to the remaining shares on 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, 2024 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, 2025.
F6 The restricted stock units vested as to 16,627 shares on February 29, 2024 and vest as to the remaining shares in two equal annual installments on each of 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, 2024 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, 2025.
F7 The restricted stock units vested as to 22,146 shares on February 29, 2024 and vest as to the remaining shares in three equal annual installments on each of February 28, 2025, February 28, 2026 and February 28, 2027. 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, 2024 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, 2025.
F8 The restricted stock units vest in four equal annual installments on each of February 28, 2025, February 28, 2026, February 28, 2027 and February 29, 2028 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, 2025.