Form 4: TEGNA INC Executive McClelland Reports Stock Transactions Following Vesting of Performance Shares and Restricted Stock Units

Clifton A. McClelland III, SVP, Cntlr and Prin. Acc. Off. of TEGNA INC, reports the acquisition and disposal of common stock related to the vesting of performance shares and restricted stock units.

Summary

• On February 29, 2024, Clifton A. McClelland III, SVP, Cntlr and Prin. Acc. Off. of TEGNA INC, engaged in transactions involving TEGNA INC common stock.
• These transactions were related to the vesting of 2021 Performance Shares and restricted stock units.
• McClelland acquired shares through the vesting of these units and disposed of shares to cover tax obligations.
• Following these transactions, McClelland directly owns 96,695 shares of TEGNA INC common stock and indirectly owns 7,504.24 shares through a 401(k) plan.
• He also holds 19,324 restricted stock units that vest in future installments.

Sentiment

Score: 5

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

Future Outlook

The reporting person holds restricted stock units that will vest in future annual installments through February 29, 2028, with corresponding share deliveries occurring on March 1st of each year, or earlier upon termination of employment or a change in control of 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 trading activities of company executives and their alignment with shareholder interests.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the overall effect is likely negligible.

Key Dates