Form 4: TEGNA INC Director Melinda Witmer Reports Stock Unit Vesting
SEC Form 4 Filing
Director Melinda Witmer reports vesting of restricted stock units into common stock on May 1, 2024.
Summary
- On May 1, 2024, Melinda Witmer, a director of TEGNA INC, had 9,399 restricted stock units vest.
- These units converted into 9,399 shares of common stock.
- The vested shares were delivered on May 1, 2024, according to the award agreement.
- Following the transaction, Witmer directly owns 45,226 shares of TEGNA INC common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock unit vesting, a normal part of executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: vesting of restricted stock units and delivery of common stock. |
| 11/01/2023 | First vesting date of the restricted stock units in three equal installments. |
| 05/03/2024 | Date of signature on the Form 4 filing. |
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