Form 4: TEGNA INC Executive McClelland Sells Shares
SEC Form 4
Clifton A. McClelland III, SVP, Cntlr and Prin. Acc. Off. of TEGNA INC, sold 54,093 shares of common stock at an average price of $15.78 on May 14, 2024.
Summary
- On May 14, 2024, Clifton A. McClelland III, SVP, Cntlr and Prin. Acc. Off. of TEGNA INC [TGNA], sold 54,093 shares of common stock at a price of $15.78 per share.
- The shares were sold in multiple transactions at prices ranging from $15.76 to $15.82, inclusive.
- Following the transaction, McClelland directly owns 42,602 shares of TEGNA INC common stock.
- McClelland also indirectly owns 8,363.27 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a standard Form 4 filing, indicating a change in beneficial ownership by a company insider. These filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of transaction: Clifton A. McClelland III sold shares of TEGNA INC common stock. |
| 05/15/2024 | Date of signature by attorney-in-fact. |
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