Form 4: TEGNA INC Executive Thomas R. Cox Reports Stock Transactions
SEC Form 4
Thomas R. Cox, SVP, Digital and Chief Growth Officer at TEGNA INC, reports the vesting and acquisition of shares and restricted stock units on February 29, 2024, and March 1, 2024.
Summary
- On February 29, 2024, Thomas R. Cox, SVP, Digital and Chief Growth Officer of TEGNA INC, executed multiple transactions involving common stock and derivative securities.
- These transactions included the vesting of 2021 Performance Shares and restricted stock units, resulting in the acquisition of common stock.
- A portion of the acquired shares was withheld to satisfy tax obligations.
- Cox also acquired 42,419 restricted stock units on March 1, 2024, which vest in equal annual installments beginning February 28, 2025.
- Following these transactions, Cox directly owns 98,958 shares of TEGNA INC common stock and indirectly owns 9,302.97 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining restricted stock units will vest in annual installments through February 2028, with corresponding share deliveries occurring each March 1st, unless there is a termination of employment or a change in control of the Issuer.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of TEGNA INC's executives. It allows investors to monitor management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Vesting date for 2021 Performance Shares and multiple tranches of restricted stock units. |
| 03/01/2024 | Delivery date of common stock for vested shares and acquisition of 42,419 restricted stock units. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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