McClelland Clifton A. III 4

What Happened
Clifton A. McClelland III, Senior Vice President, Controller and Principal Accounting Officer of TEGNA Inc. (TGNA), was granted 12,870 2024 Performance Shares on March 10, 2026. The award shows an acquisition price of $0.00 because these are performance-contingent share units (a derivative award), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-10; Report filed: 2026-03-12.
• Award: 12,870 2024 Performance Shares; reported acquisition price $0.00 (derivative).
• Footnote F1: Each Performance Share is a contingent right to receive one share of common stock.
• Footnote F2: These Performance Shares vest on February 28, 2027 and, unless earlier delivered after termination or a change in control, the vested shares will be delivered on or about March 1, 2027.
• Shares owned after the transaction: not specified in the provided filing summary.
• No indication this was a sale or a cash purchase; it is a compensation/award grant.

Context
Performance-share awards are compensation tied to future vesting and performance conditions; they do not represent immediate buying or selling of stock. Such grants are common for executives and typically do not signal immediate trading intent.