Form 4: TEGNA INC Director Scott K. McCune Reports Stock Unit Vesting
SEC Form 4
Director Scott K. McCune reports vesting of restricted stock units into TEGNA INC common stock on May 1, 2024.
Summary
- On May 1, 2024, Scott K. McCune, a director of TEGNA INC, had 9,398.57 restricted stock units vest.
- These units converted into 9,398.57 shares of common stock.
- Following the transaction, McCune directly owns 79,889.472 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 related to standard 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 has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/01/2023 | First of three equal installments of restricted stock units vested. |
| 05/01/2024 | Restricted stock units vested and shares delivered. |
| 05/03/2024 | Date of report filing. |
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