Form 4: TEGNA Executive Thomas R. Cox Reports Stock Transactions

TEGNA's SVP, Digital and Chief Growth Officer, Thomas R. Cox, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On May 31, 2024, Thomas R. Cox, SVP, Digital and Chief Growth Officer at TEGNA Inc., reported transactions involving TEGNA's common stock.
• 40,269 restricted stock units vested, converting into an equal number of common stock shares.
• Shares were withheld to cover tax obligations, resulting in a disposition of 19,449.928 shares at a price of $14.91.
• Following these transactions, Cox directly owns 119,777.072 shares and indirectly owns 10,098.144 shares through a 401(k) plan.
• The remaining restricted stock units vest on May 31, 2025, contingent upon continued employment.

Sentiment

Score: 5

Explanation: The document reflects routine executive stock transactions, which are neither particularly positive nor negative. The sentiment is neutral.

Future Outlook

The remaining restricted stock units will vest on May 31, 2025, contingent upon continued employment with TEGNA.

Industry Context

Executive stock transactions are a routine part of corporate governance and compensation practices in publicly traded companies like TEGNA. These transactions are closely monitored by investors for insights into executive sentiment and company performance.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding.
• Employees may be interested in the details of executive compensation and stock ownership.

Next Steps

• Remaining restricted stock units to vest on May 31, 2025, contingent upon continued employment.

Key Dates