Trelstad Lynn B.

Trelstad Lynn B., EVP and COO of Media Operations at TEGNA Inc. (TGNA), has filed 40 Form 4 transactions over the past year, all concentrated in the single broadcasting company. The pattern is overwhelmingly one-sided: zero open-market purchases versus one open-market sale, with the bulk of activity driven by compensation mechanics rather than discretionary trading. The sole discretionary sale occurred on March 10, 2025, when Trelstad disposed of TGNA shares worth $709,600 — the largest single transaction in the filing history and the only "S" code on record. That sale, combined with a July 31, 2025 disposition of $49,938.91 back to the issuer (code "D"), brings total sell-side value to roughly $759,539. The remaining transactions are largely mechanical. Trelstad exercised options (code "M") with zero reported value on multiple dates, including August 1 and August 6, 2025, and February 28, 2025, while simultaneously having shares withheld to cover tax obligations (code "F"). Those tax-withholding events were substantial: $504,587.96 on February 28, 2025, followed by $13,551.14 the same day, and more recent withholdings of $37,736.04 on August 1 and $197,143.64 on August 6, 2025. Compensation grants (code "A") in February 2025 and March 2024 added shares at no cost, and the total acquired value across all transactions stands at $106,933.85 — a figure dwarfed by the sell-side total. The recent direction is telling. In the last 30 days, Trelstad has executed no open-market buys and only one sale, but the August 2025 filings show a cluster of option exercises and tax withholdings that suggest ongoing equity vesting rather than a strategic exit. The March 2025 open-market sale remains the outlier — a single, large liquidation against a backdrop of automatic, non-discretionary transactions. For a senior operating executive, the absence of any "P" codes across 40 filings signals a consistent posture of reducing exposure when given the choice, even as compensation continues to flow in through grants and exercises.