Form 4: TEGNA Inc. Executive Thomas R. Cox Reports Stock Transactions Following Vesting of Performance Shares and Restricted Stock Units

Thomas R. Cox, SVP and Chief Growth Officer of TEGNA Inc., reports the vesting and subsequent transactions of performance shares and restricted stock units, resulting in adjustments to his beneficial ownership of company stock.

Summary

• On February 28, 2025, Thomas R. Cox, SVP and Chief Growth Officer of TEGNA Inc., had performance shares and restricted stock units vest.
• These vested shares were converted into common stock.
• A portion of the acquired shares was withheld to cover tax obligations.
• As a result of these transactions, Cox's direct holdings of TEGNA Inc. common stock increased to 68,341.727 shares, with an additional 10,337.886 shares held indirectly through a 401(k) plan.
• He also holds 38,668 restricted stock units that vest in future years.

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 document outlines future vesting dates for remaining restricted stock units, extending to February 2029, with corresponding delivery dates in March of each subsequent year.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like Thomas R. Cox, and provides transparency into their transactions involving the company's stock. It's a standard practice for publicly traded companies to ensure compliance with these regulations.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in the executive's holdings.
• Employees may be interested in the details of executive compensation.

Key Dates