Form 4: TEGNA INC SVP and CFO Julie Heskett Reports Stock Transactions
SEC Form 4
Julie Heskett, SVP and CFO of TEGNA INC, reports the vesting of restricted stock units and subsequent stock transactions.
Summary
- On May 31, 2024, Julie Heskett, SVP and CFO of TEGNA INC, reported transactions involving TEGNA INC [TGNA] common stock.
- 40,269 restricted stock units vested, converting into an equal number of common stock shares.
- Shares were withheld to cover tax obligations, resulting in a disposition of 18,161.319 shares at $14.91 each.
- Following these transactions, Heskett directly owns 43,750.681 shares of common stock and indirectly owns 9,129.845 shares through a 401(k) plan.
- The remaining restricted stock units will vest on May 31, 2025, contingent upon continued employment.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about ownership changes.
Positives
- The vesting of restricted stock units indicates a form of compensation and incentive for the reporting person.
Future Outlook
The remaining restricted stock units will vest on May 31, 2025, contingent upon continued employment with TEGNA INC.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It is common for executives to receive stock-based compensation and periodically adjust their holdings.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of earliest transaction (vesting of restricted stock units and stock disposition) |
| 05/31/2025 | Date when remaining restricted stock units vest, contingent upon continued employment |
| 06/01/2024 | Shares delivered to reporting person as to applicable vested shares |
| 06/01/2025 | Remaining shares will be delivered to the reporting person following vesting |
| 06/04/2024 | Date of signature by attorney-in-fact |
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