West Denmark 4

What Happened
West Denmark, a director of TEGNA Inc. (TGNA), had two dispositions on March 19, 2026 that resulted from the company’s merger: 8,230.83 common shares were surrendered to the issuer at $22.00 per share for $181,078, and 9,142 RSU-based derivative units were converted/disposed at $22.00 per unit for $201,124. The combined cash received was $382,202. These were dispositions tied to the merger (cash-out), not open-market sales.

Key Details

• Transaction date: 2026-03-19; Price: $22.00 per share/unit.
• Amounts: 8,230.83 common shares ($181,078) + 9,142 RSU-derived units ($201,124) = total $382,202.
• Transaction code: D (Disposition to issuer); one line was marked as Derivative (RSU conversion).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: 2026-03-23 — appears timely (filed on the second business day after the transaction).
• Footnotes: Per the Merger Agreement, at the effective time each TGNA share and each time‑based RSU was converted into the right to receive $22.00 cash (i.e., RSUs were cancelled and cashed out).

Context: These transactions were part of the company’s merger consideration (each share/RSU converted into $22 cash). That means the insider did not execute a market sale — the holdings were converted/surrendered as part of the transaction. This is a merger cash-out, not a voluntary open-market sale; it reflects contract terms of the Merger Agreement rather than a trading decision by the director.