TEGNA (TGNA) CEO Michael Steib awarded 157,571 2024 Performance Shares
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 President and CEO Michael F. Steib received an award of 157,571 2024 Performance Shares. Each Performance Share represents a contingent right to receive one share of TEGNA common stock.
The 2024 Performance Shares vest on February 28, 2027, with the vested common shares scheduled to be delivered to Steib on or about March 1, 2027, unless delivered earlier following certain employment or control change events.
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 | 2024 Performance Shares | 157,571 | $0.00 | -- |
Holdings After Transaction:
2024 Performance Shares — 157,571 shares (Direct)
Footnotes (1)
- Each 2024 Performance Share represents a contingent right to receive one share of the underlying common stock. The 2024 Performance Shares vest on February 28, 2027 and, unless delivered earlier following a termination of employment of the reporting person or a change in control of the Issuer, the corresponding vested shares of the Issuer's common stock will be delivered to the reporting person on or about 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 157,571 2024 Performance Shares. These are stock-based incentive awards that can convert into an equal number of TEGNA common shares if vesting conditions are satisfied over the specified period.
Is Michael F. Steib’s TEGNA (TGNA) award an open-market purchase or a grant?
The transaction is a grant, categorized as a grant, award, or other acquisition. It is equity compensation provided by TEGNA in the form of 2024 Performance Shares, not an open-market purchase of existing common stock by the executive.