TEGNA (TGNA) SVP Thomas Cox reports RSU grant and tax-share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TEGNA SVP and Chief Growth Officer Thomas R. Cox reported several equity-related transactions. He received a grant of 88,563 Restricted Stock Units, each representing a right to one share of common stock. Separately, 16,610.976 2023 Performance Shares were exercised into an equal number of common shares, with 5,739.958 shares withheld at $20.95 per share to cover tax obligations. Following these transactions, he directly held 141,881.021 common shares and indirectly held 11,354.260 shares through a 401(k) plan. The new RSUs vest in four equal annual installments from February 28, 2027 through February 28, 2030, with delivery of shares beginning on March 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
16,610.976 shares exercised/converted
Mixed
5 txns
Insider
Cox Thomas R.
Role
SVP and Chief Growth Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 88,563 | $0.00 | -- |
| Exercise | 2023 Performance Shares | 16,610.976 | $0.00 | -- |
| Exercise | Common Stock | 16,610.976 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,739.958 | $20.95 | $120K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 88,563 shares (Direct);
2023 Performance Shares — 0 shares (Direct);
Common Stock — 147,620.979 shares (Direct);
Common Stock — 11,354.26 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Each 2023 Performance Share and 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 vesting of 2023 Performance Shares and the corresponding acquisition of shares of common stock by the reporting person pursuant to the Issuer's 2020 Omnibus Incentive Compensation Plan. The 2023 Performance Shares vested on February 27, 2026. The corresponding shares of the Issuer's common stock were delivered to the reporting person as to the vested shares on March 2, 2026. 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 equity awards did TEGNA (TGNA) executive Thomas R. Cox receive?
Thomas R. Cox received a grant of 88,563 Restricted Stock Units, each representing a right to one share of TEGNA common stock. He also had 16,610.976 2023 Performance Shares convert into the same number of common shares as part of his incentive compensation.
What are Thomas R. Cox’s TEGNA common stock holdings after these transactions?
After the reported transactions, Thomas R. Cox directly held 141,881.021 shares of TEGNA common stock. He also indirectly held an additional 11,354.260 shares through a 401(k) Plan, as disclosed in the ownership information.
When do Thomas R. Cox’s new TEGNA Restricted Stock Units vest?
The 88,563 Restricted Stock Units vest in four equal annual installments on February 28, 2027, February 29, 2028, February 28, 2029, and February 28, 2030. Shares will be delivered in four equal annual installments beginning on March 1, 2027.