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Insider Trends: TEGNA Insider Exercises Option/Derivative Security to Acquire Stock Sells Portion to Pay Tax, Buy Trend Intact

05/11/2021 14:10

06:02 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, Neal Shapiro, Director, exercised options/derivative securities for 10,976 shares of TEGNA (TGNA) and sold 6,030 shares in the company for $120,299 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 4,946 company shares. Shapiro, subsequent to the transactions disclosed in the SEC Form 4 filing, has 22,647 shares of the company, which have a market value of $445,919 as of the prior-day closing price.

Over the last 90 days, previous to the date of this filing, there have been 28 insider transactions reported to the SEC for TEGNA. These transactions came from the activities of 13 individual insiders that resulted in a net acquisition of 356,869 company shares. In the preceding 90-day window of time, there were 10 transactions from 5 insiders and resulted in the net acquisition of 22,169 shares.

This level of insider transactions is lower than the peer group average in the 15-company Television Broadcasting peer group over the last 90-day period. Activity in the peer group averaged 188.1 transactions per company, and disposition of 323,976 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/39899/000121465921005208/xslF345X03/marketforms-52740.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.