Gracia C. Martore was the CEO of TEGNA Inc. from June 2015 to June 2017, a company formed after spinning off Gannett’s publishing business. She has a solid background, holding a bachelor’s degree from the University of Maryland, and she...

Gracia C. Martore was the CEO of TEGNA Inc. from June 2015 to June 2017, a company formed after spinning off Gannett’s publishing business. She has a solid background, holding a bachelor’s degree from the University of Maryland, and she has worked at TEGNA since 1985, climbing the ranks through various leadership roles. Martore was instrumental in transforming TEGNA into a more focused media and digital operations company. In 2016, her total compensation was $11 million, showcasing her significant contributions during a critical period for the company. Interestingly, she announced her retirement in September 2016 as TEGNA was completing its spin-off of Cars.com. Martore has also served on the boards of other organizations, indicating her leadership experience across different sectors. Her journey highlights how strategic leadership can reshape a company in a changing market environment.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Tegna CEOs

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Gracia C. Martore

Ex-CEO of Tegna

Education

Bachelor's degree from the University of Maryland

Field of Expertise

Business & Management

Sector of Economy

Communication Services

Born

June 1, 1959 - 65 years ago

CEO of Tegna for

1 year 11 months (Jun 2015 - Jun 2017)

Previous Experience

President and Chief Executive Officer of Gannett Co., Inc.

Rivals

Competitors/colleagues of Gracia C. Martore

Holdings

See how much did Gracia C. Martore make over time.

During her tenure at TEGNA, Gracia C. Martore navigated significant changes in the company’s stock. In 2016, at the peak of her influence, her compensation reached about $11 million, which included a sizable cash bonus due to the company’s strong...

During her tenure at TEGNA, Gracia C. Martore navigated significant changes in the company’s stock. In 2016, at the peak of her influence, her compensation reached about $11 million, which included a sizable cash bonus due to the company’s strong performance. However, when she announced her retirement in 2016, it marked a shift, transitioning away from her leadership chapter. While we don’t have specific data on her personal holdings, the fluctuating stock performance of TEGNA during her leadership indicates a time of restructuring and realignment of the company’s assets, focusing on its media and digital ventures. This strategic shift was essential as TEGNA aimed to establish a prominent position in a competitive market, establishing a new identity separate from its publishing roots.

Total Stock Sold

$5.92M

GCI

$3.92M

170,630 GCI shares

TGNA

$2.00M

140,179 TGNA shares

What if they kept their stock?

If Gracia C. Martore didn't sell their stock, today they would have:
Extra GCI170,630 shares worth $167.37K and TGNA140,179 shares worth $1.53M.
This is -71.36% and $4.23M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Gracia C. Martore.

OMC

487.74 shares

OMC

Jul 1, 2024

Received

URI

$175.06K

URI at $689.21/share

May 9, 2024

Received

OMC

452.15 shares

OMC

Apr 1, 2024

Received

OMC

505.72 shares

OMC

Jan 1, 2024

Received

OMC

587.41 shares

OMC

Oct 1, 2023

Received

OMC

459.8 shares

OMC

Jul 1, 2023

Received

URI

$175.03K

URI at $328.38/share

May 4, 2023

Received

OMC

463.75 shares

OMC

Apr 1, 2023

Received

OMC

536.35 shares

OMC

Jan 1, 2023

Received

OMC

693.45 shares

OMC

Oct 1, 2022

Received

Compensation History

See how much did Gracia C. Martore make over time.

Gracia C. Martore's compensation reflected her pivotal role at TEGNA. In 2017, her total earnings were around $3.5 million, with a base salary of approximately $424,000, complemented by a performance-based bonus of $825,000 due to her contributions amid the company's strategic changes. The year before, in 2016, her total compensation soared to about $11 million, driven largely by a robust performance during a transformative period for TEGNA. Martore’s compensation included cash bonuses that were aligned with company achievements, showing how closely executive pay was tied to company performance. Notably, she did not receive any stock or options during her final year due to her upcoming retirement, which highlights how executive compensation strategies often shift in anticipation of leadership changes.

Year

2017

Total Compensation

$1.37M

Salary

$424.36K

Board Justification

The compensation philosophy aims to align executive compensation with the Company's performance and shareholder interests, while also considering market competitiveness and retention strategies.

Bonus

$825.00K

Board Justification

The bonus awarded to Ms. Martore was based on her performance and contributions to the Company’s successful transformation, particularly in light of her impending retirement and the expected elimination of Mr. Williams’ position in connection with the Cars.com Spin-off.

Other

$118.25K

Board Justification

Other compensation includes life insurance premiums, matching contributions to the 401(k) plan, and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were vested in 2017 as Ms. Martore did not receive long-term equity awards in that year due to her impending retirement.

Performance Metrics

The performance metrics for determining Ms. Martore's compensation included her contributions to the Company's transformation and financial performance.

Other Tegna CEOs

Here are other CEOs of Tegna

David T. Lougee

Ex-CEO of Tegna

June 2017 - April 2020