TEGNA Insider Neal Shapiro Files Form 4 on Ownership Change

TL;DR

**TEGNA insider Neal Shapiro just filed a Form 4, signaling a change in his stock ownership.**

AI Summary

This Form 4 filing, dated March 23, 2026, indicates that Neal Shapiro, a reporting person, has filed a statement of changes in beneficial ownership of securities for TEGNA INC. (Issuer CIK: 0000039899). While the filing itself doesn't detail specific transactions, it signals that Shapiro, whose CIK is 0001415919, has had a change in his holdings of TEGNA stock as of the period of report, March 19, 2026. This matters to investors because changes in ownership by insiders like Shapiro can sometimes signal their confidence (or lack thereof) in the company's future performance, potentially influencing stock price.

Why It Matters

Insider filings like this can provide clues about how company executives and directors view the company's prospects, which can be a valuable data point for investors.

Risk Assessment

Risk Level: low — This filing is purely administrative, reporting a change in ownership, and does not inherently carry significant risk.

Analyst Insight

A smart investor would look for the specific transaction details within the full Form 4 document to understand if Neal Shapiro bought or sold shares, and the quantity, to gauge potential insider sentiment towards TEGNA INC.

Key Players & Entities

• Shapiro Neal (person) — Reporting Person
• TEGNA INC (company) — Issuer of securities
• 0001415919 (person) — CIK of Neal Shapiro
• 0000039899 (company) — CIK of TEGNA INC.

FAQ

Key Financial Figures

• $1.00 — f the Company's common stock, par value $1.00 per share ("Company Common Stock"), was
• $22.00 — was converted into the right to receive $22.00 in cash, without interest (the "Merger

Filing Documents

• tm269551-11_4seq1.html (4)
• tm269551-11_4seq1.xml (4) — 10KB
• 0001104659-26-033337.txt ( ) — 11KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5 X Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Shapiro Neal (Last) (First) (Middle) C/O TEGNA INC. 8401 GREENSBORO DRIVE, SUITE 300 (Street) MCLEAN VIRGINIA 22102 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol TEGNA INC [ TGNA ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below) 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/19/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 03/19/2026 D 43,372.6 D $ 22 (1) 0 D Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units (2) 03/19/2026 D 15,873 (3) (3) Common Stock 15,873 $ 22 (3) 0 D Phantom Share Units (4) 03/19/2026 D 98,885 (5) (5) Common Stock 98,885 $ 22 (5) 0 D Explanation of Responses: 1. Pursuant to the Agreement and Plan of Merger, dated as of August 18, 2025 (the "Merger Agreement), by and among TEGNA Inc., a Delaware corporation (the "Company"), Nexstar Media Group, Inc., a Delaware corporation ("Nexstar"), and Teton Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of Nexstar ("Merger Sub"), Merger Sub merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Nexstar. At the effective time of the Merger (the "Effective Time"), each share of the Company's common stock, par value $1.00 per share ("Company Common Stock"), was converted into the right to receive $22.00 in cash, without interest (the "Merger Consideration"). 2. Each time-based restricted stock unit award in respect of shares of Company Common Stock ("Company RSU Award") represents a contingent right to receive one share of the underlying Company Common Stock. 3. Pursuant to the Merger Agreement, at the Effective Time, each Company RSU Award was cancelled and converted into the right to receive the Merger Consideration in respect of each share of Company Common Stock underlying the Company RSU Award. 4. Each hypothetical investment in Company Common Stock under each of the (i) TEGNA Inc. Deferred Compensation Plan Rules for Post-2004 Deferrals, as amended and (ii) TEGNA Inc. Deferred Compensation Plan Restatement Rules for Pre-2005 Deferrals, as amended, with a value equal to the value of a share of Company Common Stock ("Company Phantom Share Unit Award") represents a contingent right to receive one share of the underlying Company Common Stock. 5. Pursuant to the Merger Agreement, at the Effective Time, each Company Phantom Share Unit Award was converted into the right to receive the Merger Consideration in respect of

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