Form 4: TEGNA Director Karen H. Grimes Reports Stock Transaction

Director Karen H. Grimes reported a transaction involving TEGNA Inc. common stock on May 1, 2024, where restricted stock units vested and shares were delivered.

Summary

• On May 1, 2024, Karen H. Grimes, a director of TEGNA Inc., reported a transaction involving the company's common stock.
• The transaction involved the vesting of 9,398.57 restricted stock units, each representing a contingent right to receive one share of common stock.
• These restricted stock units vested in three equal installments beginning on November 1, 2023.
• Vested shares were delivered on May 1, 2024, pursuant to the terms of the award agreement, resulting in Grimes holding 33,987.472 shares of common stock directly.
• The reported transaction was executed under transaction code 'M', indicating the vesting of derivative securities.
• Grimes also received 212.57 additional restricted stock units as dividend equivalents.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions, and the sentiment is neutral.

Industry Context

This is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies.

Stakeholder Impact

• The transaction may have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of the restricted stock units.

Key Dates