Form 4: TEGNA EVP and COO, Media Operations, Lynn B. Trelstad, Sells 40,000 Shares Under 10b5-1 Plan

Lynn B. Trelstad, EVP and COO, Media Operations at TEGNA Inc., sold 40,000 shares of common stock at an average price of $17.74 per share under a pre-arranged 10b5-1 trading plan.

Summary

• On March 10, 2025, Lynn B. Trelstad, EVP and COO, Media Operations at TEGNA Inc., sold 40,000 shares of TEGNA's common stock.
• The sale was executed at a weighted average price of $17.74 per share, with individual transaction prices ranging from $17.51 to $17.99.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 9, 2024.
• Following the transaction, Trelstad directly owns 149,432.54 shares of TEGNA common stock.
• Trelstad also indirectly owns shares through a 401(k) plan (10,899.826 shares), spousal holdings (32,855.424 shares), and a spousal 401(k) plan (6,223.083 shares).

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating an insider stock sale under a pre-arranged plan. It's neutral in sentiment as it simply reports a transaction.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information. Investors often monitor insider transactions for signals about a company's prospects, but sales under 10b5-1 plans are generally viewed as less informative.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates