Form 4: TEGNA Inc. Executive Lynn B. Trelstad Reports Stock Transactions

Lynn B. Trelstad, EVP and COO of Media Operations at TEGNA Inc., reports the vesting of restricted stock units and related tax withholding.

Summary

• On August 6, 2024, Lynn B. Trelstad, EVP and COO of Media Operations at TEGNA Inc., had restricted stock units vest, resulting in the acquisition of 27,355 shares of common stock.
• A portion of the shares were withheld to satisfy tax obligations, with 13,212.465 shares withheld at a price of $14.52.
• Trelstad directly owns 204,616.535 shares of common stock following these transactions.
• Additionally, Trelstad's spouse also had restricted stock units vest, resulting in the acquisition of 6,079 shares of common stock.
• A portion of the spouse's shares were also withheld to satisfy tax obligations, with 2,024.308 shares withheld at a price of $14.52.
• Trelstad's spouse indirectly owns 31,438.692 shares of common stock following these transactions.
• The remaining restricted stock units will vest on August 6, 2025, contingent upon continued employment.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The remaining restricted stock units will vest on August 6, 2025, contingent upon continued employment with the Issuer.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the stock ownership of key executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal.
• Employees may be interested in the details of executive compensation.

Key Dates