4/A: TEGNA Executive Corrects Stock Unit Acquisition in Amended SEC Filing

Clifton A. McClelland III, SVP, Cntlr and Prin. Acc. Off. of TEGNA INC, files an amendment to correct the number of restricted stock units acquired on March 1, 2024.

Summary

• Clifton A. McClelland III, a senior officer at TEGNA INC, filed an amended Form 4 with the SEC.
• The amendment corrects the number of restricted stock units (RSUs) acquired on March 1, 2024.
• The original filing incorrectly over-reported the number of RSUs due to a clerical error.
• The corrected filing shows the acquisition of 19,011 restricted stock units.
• These RSUs vest in four equal annual installments starting February 28, 2025, and ending February 29, 2028.
• The shares will be delivered in four equal annual installments beginning on March 1, 2025, unless there is a termination of employment or a change in control.

Sentiment

Score: 7

Explanation: The document is a routine correction of a clerical error in an SEC filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects attention to detail and transparency.

Future Outlook

The restricted stock units vest over four years, with delivery of shares beginning in March 2025, contingent on continued employment or a change in control.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of company insiders.

Stakeholder Impact

• The correction of the RSU grant provides accurate information to shareholders regarding executive compensation.

Key Dates