TEGNA (TGNA) CEO Michael Steib receives 354,252 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Steib Michael F reported acquisition or exercise transactions in this Form 4 filing.
TEGNA Inc. reported that President and CEO Michael F. Steib received a grant of 354,252 restricted stock units. Each unit represents a contingent right to receive one share of TEGNA common stock.
The units vest in four equal annual installments on February 28, 2027, February 29, 2028, February 28, 2029, and February 28, 2030, and, unless delivered earlier after a termination of employment or a change in control, will be delivered in four equal annual installments beginning on March 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steib Michael F
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 354,252 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 354,252 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the underlying common stock. The restricted stock units vest in four equal annual installments on each of February 28, 2027, February 29, 2028, February 28, 2029 and February 28, 2030 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, 2027.
FAQ
What insider transaction did TEGNA (TGNA) report for Michael F. Steib?
TEGNA reported that President and CEO Michael F. Steib received a grant of 354,252 restricted stock units. These units represent a contingent right to receive an equal number of TEGNA common shares, subject to a multi-year vesting and delivery schedule.
How many restricted stock units were granted to TEGNA (TGNA) CEO Michael F. Steib?
Michael F. Steib was granted 354,252 restricted stock units. Each restricted stock unit corresponds to one share of TEGNA common stock, giving him a significant equity-based incentive tied to the company’s long-term performance and continued service.
When do Michael F. Steib’s TEGNA (TGNA) restricted stock units vest?
The restricted stock units vest in four equal annual installments on February 28, 2027, February 29, 2028, February 28, 2029, and February 28, 2030. This creates a structured, time-based vesting schedule over approximately four years.
When will the TEGNA (TGNA) restricted stock units be delivered to Michael F. Steib?
The units will be delivered in four equal annual installments beginning on March 1, 2027. Delivery may occur earlier if Michael F. Steib’s employment terminates or if a change in control of TEGNA occurs, as specified in the award terms.
What does each TEGNA (TGNA) restricted stock unit granted to Michael F. Steib represent?
Each restricted stock unit represents a contingent right to receive one share of TEGNA common stock. Actual receipt of shares depends on vesting and delivery conditions, including continued employment or specific corporate events like a change in control.
Is Michael F. Steib’s Form 4 transaction in TEGNA (TGNA) a purchase or an award?
The Form 4 shows an award-type acquisition, coded as a grant of restricted stock units. It is classified as a grant, award, or other acquisition rather than an open-market purchase of TEGNA shares for cash.