Form 4: TEGNA Executive Lynn B. Trelstad Sells 25,000 Shares Under 10b5-1 Trading Plan

Lynn B. Trelstad, EVP and COO of Media Operations at TEGNA Inc., sold 25,000 shares of common stock at $13.88 per share on September 12, 2024, under a pre-arranged trading plan.

Summary

• On September 12, 2024, Lynn B. Trelstad, the EVP and COO of Media Operations at TEGNA Inc., sold 25,000 shares of TEGNA's common stock.
• The sale was executed at a price of $13.88 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted by Ms. Trelstad on March 6, 2024.
• Following the transaction, Ms. Trelstad directly owns 179,616.535 shares of TEGNA common stock.
• She also indirectly owns 10,742.096 shares through a 401(k) plan, 31,438.692 shares through her spouse, and 6,133.049 shares through her spouse's 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an executive's stock sale. It doesn't inherently convey positive or negative sentiment, as it's a factual report of a transaction.

Industry Context

Executive stock sales are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates