Kate O'Brian - May 3, 2024 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role
President, Scripps News
Signature
/s/ William Appleton
Stock symbol
SSP
Transactions as of
May 3, 2024
Transactions value $
-$4,962
Form type
4
Date filed
5/7/2024, 10:25 AM
Previous filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSP Class A Common Shares, $.01 par value per share Conversion of derivative security $11.8K +2.77K +51.64% $4.27 8.12K May 3, 2024 Direct F1
transaction SSP Class A Common Shares, $.01 par value per share Tax liability -$4.96K -1.16K -14.31% $4.27 6.96K May 3, 2024 Direct F2
holding SSP Common Voting Shares, $.01 par value per share 0 May 3, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SSP Restricted Stock Units Conversion of derivative security -$11.8K -2.77K -100% $4.27 0 May 3, 2024 Restricted Stock Units 2.77K $4.27 Direct F1
holding SSP Restricted Stock Units 1.7K May 3, 2024 Restricted Stock Units 1.7K Direct F3
holding SSP Restricted Stock Units 20.4K May 3, 2024 Restricted Stock Unites 20.4K Direct F4
holding SSP Restricted Stock Units 15.2K May 3, 2024 Senior Leaders 0 $6.56 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction reflects the conversion of restricted stock units into Class A Common Shares.
F2 The terms of this long-term incentive award mandate that the Company withhold shares to satisfy the reporting person's tax obligation.
F3 This restricted stock award will vest in 2025. One-third of the grant vested in 2023 and 2024. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.
F4 This restricted stock award will vest in 2025, 2026 and 2027. 25% vested in 2024. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.
F5 This restricted stock award will vest in 2025, 2026, 2027 and 2028. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.