Form 4: TEGNA INC: Officer McClelland Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Clifton A. McClelland III, SVP, Cntlr and Prin. Acc. Off. of TEGNA INC, reports acquiring phantom stock units equivalent to 938.107 shares of common stock.
Summary
- On February 3, 2025, Clifton A. McClelland III, SVP, Cntlr and Prin. Acc. Off. of TEGNA INC, acquired 938.107 units of phantom stock.
- The phantom stock is the economic equivalent of TEGNA INC's common stock.
- The price of the phantom stock was $18.22 per share.
- Following the transaction, McClelland directly owns 9,340.243 shares of phantom stock.
- The phantom stock is payable in cash or stock at the election of the reporting person.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider transactions, which is common in publicly traded companies. It provides transparency into the actions of company executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of transaction: Clifton A. McClelland III acquired phantom stock. |
| 02/05/2025 | Date of report filing. |
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