TEGNA Form 4 / Lynn B. Trelstad ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Trelstad Lynn B.

(Last)

(First)

(Middle)

C/O TEGNA INC.

8350 BROAD STREET, SUITE 2000

(Street)

TYSONS

22102

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
TEGNA INC [ TGNA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP and COO, Media Operations

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/28/2023		M		66,919	A	⁽¹⁾	228,087	D
Common Stock	02/28/2023		M		7,965	A	⁽¹⁾	236,052	D
Common Stock	02/28/2023		M		9,474	A	⁽¹⁾	245,526	D
Common Stock	02/28/2023		M		7,361	A	⁽¹⁾	252,887	D
Common Stock	02/28/2023		M		6,650	A	⁽¹⁾	259,537	D
Common Stock	02/28/2023		F⁽²⁾		47,656	D	$17.4	211,881	D
Common Stock								8,790.09	I	By 401(k) Plan
Common Stock	02/28/2023		M		6,365	A	⁽¹⁾	27,565	I	By Spouse
Common Stock	02/28/2023		M		1,200	A	⁽¹⁾	28,765	I	By Spouse
Common Stock	02/28/2023		M		1,652	A	⁽¹⁾	30,417	I	By Spouse
Common Stock	02/28/2023		M		1,284	A	⁽¹⁾	31,701	I	By Spouse
Common Stock	02/28/2023		M		1,108	A	⁽¹⁾	32,809	I	By Spouse
Common Stock	02/28/2023		F⁽³⁾		4,175	D	$17.4	28,634	I	By Spouse
Common Stock								4,282.28	I	By Spouse through 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
2020 Performance Shares	⁽¹⁾	02/28/2023		M			66,919	⁽⁴⁾	⁽⁴⁾	Common Stock	66,919	$0	0	D
Restricted Stock Units	⁽¹⁾	02/28/2023		M			7,965	⁽⁶⁾	⁽⁶⁾	Common Stock	7,965	$0	0	D
Restricted Stock Units	⁽¹⁾	02/28/2023		M			9,474	⁽⁷⁾	⁽⁷⁾	Common Stock	9,474	$0	9,474	D
Restricted Stock Units	⁽¹⁾	02/28/2023		M			7,361	⁽⁸⁾	⁽⁸⁾	Common Stock	7,361	$0	14,722	D
Restricted Stock Units	⁽¹⁾	02/28/2023		M			6,650	⁽⁹⁾	⁽⁹⁾	Common Stock	6,650	$0	19,953	D
Restricted Stock Units	⁽¹⁾	03/01/2023		A		35,434		⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	35,434	$0	35,434	D
2020 Performance Shares	⁽¹⁾	02/28/2023		M			6,365	⁽⁵⁾	⁽⁵⁾	Common Stock	6,365	$0	0	I	By Spouse
Restricted Stock Units	⁽¹⁾	02/28/2023		M			1,200	⁽¹¹⁾	⁽¹¹⁾	Common Stock	1,200	$0	0	I	By Spouse
Restricted Stock Units	⁽¹⁾	02/28/2023		M			1,652	⁽¹²⁾	⁽¹²⁾	Common Stock	1,652	$0	1,652	I	By Spouse
Restricted Stock Units	⁽¹⁾	02/28/2023		M			1,284	⁽¹³⁾	⁽¹³⁾	Common Stock	1,284	$0	2,567	I	By Spouse
Restricted Stock Units	⁽¹⁾	02/28/2023		M			1,108	⁽¹⁴⁾	⁽¹⁴⁾	Common Stock	1,108	$0	3,326	I	By Spouse
Restricted Stock Units	⁽¹⁾	03/01/2023		A		5,906		⁽¹⁵⁾	⁽¹⁵⁾	Common Stock	5,906	$0	5,906	I	By Spouse

Explanation of Responses:

1. Each 2020 Performance Share and restricted stock unit represents a contingent right to receive one share of the underlying common stock.

2. Represents shares of common stock withheld to satisfy the reporting person's tax obligation upon the vesting of 2020 Performance Shares and restricted stock units and the corresponding acquisition of shares of common stock by the reporting person pursuant to the Issuer's 2001 Omnibus Incentive Compensation Plan (Amended and Restated as of May 4, 2010), as amended, or the Issuer's 2020 Omnibus Incentive Compensation Plan, as applicable.

3. Represents shares of common stock withheld to satisfy the reporting person's spouse's tax obligation upon the vesting of 2020 Performance Shares and restricted stock units and the corresponding acquisition of shares of common stock by the reporting person's spouse pursuant to the Issuer's 2001 Omnibus Incentive Compensation Plan (Amended and Restated as of May 4, 2010), as amended, or the Issuer's 2020 Omnibus Incentive Compensation Plan, as applicable.

4. The 2020 Performance Shares vested on February 28, 2023. The corresponding shares of the Issuer's common stock were delivered to the reporting person as to the vested shares on March 1, 2023.

5. The 2020 Performance Shares vested on February 28, 2023. The corresponding shares of the Issuer's common stock were delivered to the reporting person's spouse as to the vested shares on March 1, 2023.

6. The restricted stock units vested as to 7,965 shares on February 28, 2023. The corresponding shares of the Issuer's common stock were delivered to the reporting person as to the vested shares on March 1, 2023.

7. The restricted stock units vested as to 9,474 shares on February 28, 2023 and vest as to the remaining shares on February 29, 2024. The corresponding shares of the Issuer's common stock (a) were delivered to the reporting person as to the applicable vested shares on March 1, 2023 and (b) following vesting and unless delivered earlier following a termination of employment of the reporting person or a change in control of the Issuer, will be delivered to the reporting person on March 1, 2024.

8. The restricted stock units vested as to 7,361 shares on February 28, 2023 and vest as to the remaining shares in two equal annual installments on each of February 29, 2024 and February 28, 2025. The corresponding shares of the Issuer's common stock (a) were delivered to the reporting person as to the applicable vested shares on March 1, 2023 and (b) following vesting and unless delivered earlier following a termination of employment of the reporting person or a change in control of the Issuer, will be delivered to the reporting person in two equal annual installments beginning on March 1, 2024.

9. The restricted stock units vested as to 6,650 shares on February 28, 2023 and vest as to the remaining shares in three equal annual installments on each of February 29, 2024, February 28, 2025 and February 28, 2026. The corresponding shares of the Issuer's common stock (a) were delivered to the reporting person as to the applicable vested shares on March 1, 2023 and (b) following vesting and unless delivered earlier following a termination of employment of the reporting person or a change in control of the Issuer, will be delivered to the reporting person in three equal annual installments beginning on March 1, 2024.

10. The restricted stock units vest in four equal annual installments on each of February 29, 2024, February 28, 2025, February 28, 2026 and February 28, 2027 and, unless delivered earlier following a termination of employment of the reporting person or a change in control of the Issuer, will be delivered to the reporting person in four equal annual installments beginning on March 1, 2024.

11. The restricted stock units vested as to 1,200 shares on February 28, 2023. The corresponding shares of the Issuer's common stock were delivered to the reporting person's spouse as to the vested shares on March 1, 2023.

12. The restricted stock units vested as to 1,652 shares on February 28, 2023 and vest as to the remaining shares on February 29, 2024. The corresponding shares of the Issuer's common stock (a) were delivered to the reporting person's spouse as to the applicable vested shares on March 1, 2023 and (b) following vesting and unless delivered earlier following a termination of employment of the reporting person's spouse or a change in control of the Issuer, will be delivered to the reporting person's spouse on March 1, 2024.

13. The restricted stock units vested as to 1,284 shares on February 28, 2023 and vest as to the remaining shares in two equal annual installments on each of February 29, 2024 and February 28, 2025. The corresponding shares of the Issuer's common stock (a) were delivered to the reporting person's spouse as to the applicable vested shares on March 1, 2023 and (b) following vesting and unless delivered earlier following a termination of employment of the reporting person's spouse or a change in control of the Issuer, will be delivered to the reporting person's spouse in two equal annual installments beginning on March 1, 2024.

14. The restricted stock units vested as to 1,108 shares on February 28, 2023 and vest as to the remaining shares in three equal annual installments on each of February 29, 2024, February 28, 2025 and February 28, 2026. The corresponding shares of the Issuer's common stock (a) were delivered to the reporting person's spouse as to the applicable vested shares on March 1, 2023 and (b) following vesting and unless delivered earlier following a termination of employment of the reporting person's spouse or a change in control of the Issuer, will be delivered to the reporting person's spouse in three equal annual installments beginning on March 1, 2024.

15. The restricted stock units vest in four equal annual installments on each of February 29, 2024, February 28, 2025, February 28, 2026 and February 28, 2027 and, unless delivered earlier following a termination of employment of the reporting person's spouse or a change in control of the Issuer, will be delivered to the reporting person's spouse in four equal annual installments beginning on March 1, 2024.

Remarks:

	/s/ Akin S. Harrison, attorney-in-fact	03/02/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

TEGNA (TGNA) Form 4TEGNA / Lynn B. Trelstad ownership change