Form 4: TEGNA Executive Lynn B. Trelstad Sells 40,000 Shares Under 10b5-1 Trading Plan

Lynn B. Trelstad, EVP and COO of Media Operations at TEGNA Inc., sold 40,000 shares of common stock at an average price of $15.92, executed under a pre-arranged 10b5-1 trading plan.

Summary

• On April 10, 2025, Lynn B. Trelstad, the EVP and COO of Media Operations at TEGNA Inc., sold 40,000 shares of TEGNA's common stock.
• The sale was executed at a weighted average price of $15.92 per share.
• The transactions occurred under a Rule 10b5-1 trading plan adopted on December 9, 2024.
• Following the reported transaction, Trelstad directly owns 109,432.54 shares of TEGNA common stock.
• Trelstad also indirectly owns shares through a 401(k) plan (10,973.869 shares), by spouse (32,855.424 shares), and by spouse through 401(k) Plan (6,265.325 shares).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive stock sale under a pre-arranged trading plan, so it's neutral in sentiment.

Industry Context

Executive stock sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less indicative of the executive's view of the company's prospects, as the plans are pre-arranged.

Comparison to Industry Standards

• Executive stock sales are common across publicly traded companies.
• The use of 10b5-1 trading plans is a standard practice to avoid accusations of insider trading.
• Comparable companies such as Nexstar Media Group and Sinclair Broadcast Group also see regular Form 4 filings related to executive stock transactions.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this.

Key Dates

Keywords

TEGNA, Lynn B. Trelstad, Form 4, Insider Trading, 10b5-1 Trading Plan, Stock Sale, Executive Compensation, Beneficial Ownership