David T. Lougee is the former President and CEO of TEGNA Inc., a media company known for its commitment to quality journalism. He took over the leadership role in June 2017 after serving as President of TEGNA Media, where he...

David T. Lougee is the former President and CEO of TEGNA Inc., a media company known for its commitment to quality journalism. He took over the leadership role in June 2017 after serving as President of TEGNA Media, where he oversaw the operations of numerous television stations. Lougee holds a Bachelor's degree from the University of Wisconsin-Madison and has spent a good deal of his career in broadcasting, showing a deep understanding of the media landscape. Under his leadership, TEGNA completed significant transitions, including a transformative spin-off of Cars.com that allowed TEGNA to focus solely on media. By 2018, Lougee's total compensation was around $2.94 million, which included a sizable annual bonus reflecting his performance and the company's financial success. He has made strategic decisions supporting TEGNA's evolution into a pure-play media company while ensuring it remains relevant and profitable in today's dynamic environment. Lougee will retire from the CEO position in August 2024, passing on his legacy of innovation and progress.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Tegna CEOs

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David T. Lougee

Ex-CEO of Tegna

Education

Bachelor's degree from the University of Wisconsin-Madison

Field of Expertise

Media & Entertainment - Broadcasting

Sector of Economy

Communication Services

Born

March 15, 1963 - 62 years ago

CEO of Tegna for

2 years 10 months (Jun 2017 - Apr 2020)

Previous Experience

President of Broadcasting at TEGNA Inc.

Rivals

Competitors/colleagues of David T. Lougee

Holdings

See how much did David T. Lougee make over time.

During his tenure, David T. Lougee's holdings in TEGNA have shown interesting changes. At times, the value of his shares represented a significant portion of his wealth, especially around the company's key transitions, such as the Cars.com spin-off. As of...

During his tenure, David T. Lougee's holdings in TEGNA have shown interesting changes. At times, the value of his shares represented a significant portion of his wealth, especially around the company's key transitions, such as the Cars.com spin-off. As of 2018, his vested stock was valued at approximately $1.61 million, reflecting strong performance metrics that he achieved as CEO. Over the years, Lougee's equity in TEGNA has fluctuated based on market conditions, yet he has maintained a focus on long-term value creation for shareholders, indicative of his belief in the company's strategic direction and growth potential. From the moment he stepped into the CEO position, his actions have aimed at aligning his interests with those of the shareholders, illustrating a commitment to adding value through operational excellence.

Total Stock Sold

$6.31M

TGNA

$6.31M

425,000 TGNA shares

What if they kept their stock?

If David T. Lougee didn't sell their stock, today they would have:
Extra TGNA425,000 shares worth $4.42M.
This is -29.95% and $1.89M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David T. Lougee.

TGNA

$1.38M

TGNA at $13.98/share

Jul 1, 2024

Sale

TGNA

$493.51K

TGNA at $15.04/share

May 16, 2024

Sale

TGNA

$643.13K

TGNA at $14.70/share

Apr 1, 2024

Sale

TGNA

$2.28M

TGNA at $15.21/share

Feb 5, 2024

Sale

TGNA

$1.54M

TGNA at $15.38/share

Nov 30, 2023

Sale

TGNA

122,735 shares

TGNA

Jan 27, 2020

Received

TGNA

4,484 shares

TGNA

Jan 25, 2019

Received

TGNA

8,428 shares

TGNA

Jan 19, 2018

Received

TGNA

23,109 shares

TGNA

Dec 31, 2017

Received

TGNA

30,837 shares

TGNA

Jan 30, 2017

Received

Compensation History

See how much did David T. Lougee make over time.

In 2018, David T. Lougee's total compensation was reported as $2.94 million. His salary was around $950,000, but it was the $1 million bonus that highlighted his successful performance metrics, which were closely tied to TEGNA's overall financial health and key objectives. The compensation structure was designed to align executive pay with company performance, ensuring that Lougee's incentives matched the company's goals. This reflects a compensation philosophy that values results and strategic accomplishment. Previous years saw similar trends, with steady salaries but significant bonuses often linked directly to revenue and profitability targets. Lougee's leadership and vision were pivotal in navigating the company through transformations during his time at the helm.

Year

2018

Total Compensation

$3.56M

Salary

$950.00K

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with the Company’s financial performance and strategic goals, while also considering market competitiveness and retention strategies.

Bonus

$1.00M

Board Justification

The annual bonus for 2018 reflected the Committee’s assessment of Mr. Lougee’s performance, including his achievement of key performance indicators (KPIs) and the Company’s financial performance.

Other

$0.00

Board Justification

No other compensation was reported for 2018.

Restricted Stock

$1.61M(148.34K Performance Shares)

Board Justification

Performance Shares granted in 2018 represent the right to receive shares of Company common stock at the end of a three-year service period ending February 28, 2021, if performance goals are satisfied during a two-year performance cycle ending December 31, 2019.

Performance Metrics

The performance metrics for 2018 included total revenues, operating income, net income, earnings per share, Adjusted EBITDA, EBITDA margins, subscription revenue, and free cash flow as a percentage of revenue.

Other Tegna CEOs

Here are other CEOs of Tegna

Gracia C. Martore

Ex-CEO of Tegna

June 2015 - June 2017

Victoria D. Harker

Ex-CEO of Tegna

April 2020 - December 2023