4/A: TEGNA INC Executive Corrects Stock Unit Acquisition Filing

Julie Heskett, SVP and CFO of TEGNA INC, amends a previous SEC Form 4 filing to correct the number of restricted stock units acquired on March 1, 2024.

Summary

• Julie Heskett, SVP and CFO of TEGNA INC, filed an amendment to a previous Form 4.
• The amendment corrects the number of restricted stock units (RSUs) acquired on March 1, 2024.
• The original filing incorrectly over-reported the number of RSUs due to a clerical error.
• The corrected filing shows the acquisition of 41,470 restricted stock units.
• These RSUs vest in four equal annual installments starting February 28, 2025, and ending February 29, 2028.
• The shares will be delivered in four equal annual installments beginning on March 1, 2025, unless delivered earlier due to termination of employment or a change in control.

Sentiment

Score: 7

Explanation: The document is a routine correction of a clerical error in a regulatory filing. While the initial error is a slight negative, the correction is a positive step towards transparency and accurate reporting.

Negatives

• The original filing contained a clerical error, leading to an over-reporting of restricted stock units acquired.

Future Outlook

The restricted stock units will vest and be delivered according to the schedule outlined in the filing, contingent on continued employment or a change in control.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.

Stakeholder Impact

• The correction ensures accurate information is available to shareholders regarding executive compensation.

Key Dates