Steib Michael F 4

What Happened Michael F. Steib, President, Chief Executive Officer and a director of TEGNA Inc. (TGNA), was granted 157,571 2024 Performance Shares on March 10, 2026. The award was recorded as a derivative acquisition (transaction code A) with a reported acquisition price of $0.00 — this is a grant, not a cash purchase.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
• Security: 2024 Performance Shares — 157,571 granted.
• Price: $0.00 (grant/award); no cash was paid at grant.
• Post-transaction shares owned: not specified in the information provided in this summary.
• Footnotes: F1 — each 2024 Performance Share is a contingent right to one share of common stock; F2 — the awards vest on February 28, 2027 and, unless delivered earlier upon termination or a change in control, vested shares are expected to be delivered on or about March 1, 2027.
• Transaction code: A (award/grant); treated as a derivative instrument until vested and delivered.

Context This was a time-based/performance equity grant (performance share award), which conveys the right to receive common stock if vesting/performance conditions are met. Such grants are common components of executive compensation and do not represent an immediate cash outlay or market purchase; their ultimate value depends on future vesting and the company’s stock price at delivery.