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TEGNA INC·4

Mar 3, 5:42 PM ET

Steib Michael F 4

Research Summary

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TEGNA (TGNA) CEO Michael Steib Receives RSU Award of 354,252 Shares

What Happened
Michael F. Steib, President, CEO and Director of TEGNA Inc. (TGNA), received a grant of 354,252 restricted stock units (RSUs) on March 1, 2026. The filing reports the award as a derivative acquisition at $0.00 (typical for RSU grants). This is a compensation grant (an award), not an open‑market purchase or sale.

Key Details

  • Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (appears timely under the two-business-day Form 4 rule).
  • Award: 354,252 restricted stock units (RSUs) reported as acquired at $0.00 (derivative).
  • Shares owned after transaction: not specified in the provided filing information.
  • Footnote highlights:
    • Each RSU represents a contingent right to receive one share of common stock (F1).
    • Vesting: four equal annual installments on Feb 28, 2027; Feb 29, 2028; Feb 28, 2029; and Feb 28, 2030. Delivery to the reporting person is expected in four equal annual installments beginning March 1, 2027, unless delivered earlier upon termination or a change in control (F2).

Context
RSU grants are common executive compensation and do not involve an immediate cash outlay by the executive. They convert to actual shares only as they vest (and are typically subject to company rules for delivery and any tax withholding). Because this is an award rather than a purchase or sale, it should be viewed as compensation disclosure rather than a direct market sentiment signal.