Form 4: TEGNA Executive Lynn B. Trelstad Reports Phantom Stock Transactions

Lynn B. Trelstad, EVP and COO of Media Operations at TEGNA Inc., reported the acquisition of phantom stock units through the company's deferred compensation plan.

Summary

• Lynn B. Trelstad, an executive at TEGNA Inc., filed a Form 4 detailing changes in beneficial ownership.
• The reported transactions involve the acquisition of phantom stock units, which are the economic equivalent of TEGNA's common stock.
• On February 3, 2025, Trelstad acquired 2,725.661 phantom stock units at a price of $18.22 each, bringing the direct holdings to 17,760.716 units.
• Additionally, Trelstad's spouse acquired 668.074 phantom stock units on the same date and at the same price, increasing indirect holdings to 2,940.382 units.
• The phantom stock is payable in cash or stock at the election of the reporting person or their spouse, according to the Issuer's Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing executive compensation, with no inherent positive or negative sentiment.

Future Outlook

The phantom stock is payable in cash or stock at the election of the reporting person or their spouse, on various dates selected by them or as otherwise provided in the Issuer's Deferred Compensation Plan.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to align executive interests with shareholder value and provide long-term incentives.

Stakeholder Impact

• The transactions reflect part of the executive compensation structure, which can influence executive behavior and company performance, ultimately impacting shareholders.

Key Dates