TEGNA (NYSE: TGNA) officer converts RSUs and withholds shares for taxes
Rhea-AI Filing Summary
TEGNA Inc. reported insider equity award activity by its senior vice president and chief growth officer. On 12/15/2025, 82,112.25 restricted stock units were converted into restricted shares of common stock, generally on the same terms.
To cover taxes tied to a Section 83(b) election, 40,262.529 common shares were withheld at $19.58 per share. After these transactions, the officer beneficially owned 171,272.532 common shares directly and 10,548.541 shares through a 401(k) plan. The restricted stock unit conversion and election were made in connection with the consummation of transactions under the August 18, 2025 Agreement and Plan of Merger among TEGNA, Nexstar Media Group, Inc. and Teton Merger Sub, Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 82,112.25 | $0.00 | -- |
| Exercise | Common Stock | 82,112.25 | $0.00 | -- |
| Tax Withholding | Common Stock | 40,262.529 | $19.58 | $788K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the underlying common stock. Represents shares of common stock withheld to satisfy the reporting person's tax obligation upon the making of a Section 83(b) election with respect to the grant of restricted shares of common stock upon the conversion from restricted stocked units as described below. The restricted stock units were converted into restricted shares of common stock of the Issuer generally subject to the same terms and conditions, with respect to which the reporting person made a Section 83(b) election, for the purpose of mitigating potential adverse tax consequences under Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended, in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated August 18, 2025, by and among the Issuer, Nexstar Media Group, Inc. and Teton Merger Sub, Inc.
FAQ
What insider transaction did TEGNA (TGNA) report for 12/15/2025?
A TEGNA senior vice president and chief growth officer reported equity award activity on 12/15/2025, including conversion of restricted stock units into restricted common shares and related tax share withholding.
How many TEGNA RSUs were converted into common stock in this Form 4?
The reporting officer converted 82,112.25 restricted stock units into restricted shares of TEGNA common stock, generally subject to the same terms and conditions.