Form 4: TEGNA INC Director Neal Shapiro Reports Stock Unit Vesting
SEC Form 4
Director Neal Shapiro reports vesting of restricted stock units into common stock of TEGNA INC.
Summary
- On May 1, 2024, Neal Shapiro, a director of TEGNA INC, reported the vesting of 9,398.57 restricted stock units.
- These units converted into an equal number of common stock shares.
- Following the transaction, Shapiro directly owns 32,045.57 shares of TEGNA INC common stock.
- The restricted stock units vested in three equal installments beginning on November 1, 2023, and the vested shares were delivered on May 1, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting scheduled vesting of stock units as 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 |
|---|---|
| 11/01/2023 | Restricted stock units began vesting in three equal installments. |
| 05/01/2024 | Vesting of 9,398.57 restricted stock units and delivery of vested shares. |
| 05/03/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.