Adam Symson - May 1, 2024 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role
President and CEO, Director
Signature
/s/ William Appleton
Stock symbol
SSP
Transactions as of
May 1, 2024
Transactions value $
$522,776
Form type
4
Date filed
5/3/2024, 03:39 PM
Previous filing
Mar 5, 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 $276K +70.8K +15.36% $3.90 531K May 1, 2024 Direct F1
transaction SSP Class A Common Shares, $.01 par value per share Tax liability -$123K -31.6K -5.95% $3.90 500K May 1, 2024 Direct F2
holding SSP Common Voting Shares, $.01 par value per share 0 May 1, 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 Award $646K +166K +141% $3.90 283K May 1, 2024 Restricted Stock Unites 283K $3.90 Direct F3
transaction SSP Restricted Stock Units Conversion of derivative security -$276K -70.8K -25% $3.90 212K May 1, 2024 Restricted Stock Unites 212K $3.90 Direct F1
holding SSP Restricted Stock Units 56.3K May 1, 2024 Restricted Stock Units 56.3K Direct F4
holding SSP Restricted Stock Units 75.4K May 1, 2024 Restricted Stock Units 75.4K Direct F5
holding SSP Restricted Stock Units 180K May 1, 2024 Restricted Stock Units 180K Direct F6
holding SSP Restricted Stock Units 128K May 1, 2024 Senior Leaders 128K $6.56 Direct F7
* 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 Since the Company exceeded performance goals, additional restricted stock units were credited. This restricted stock award will vest in equal parts in 2025, 2026, and 2027. 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. 25% of the award vested in 2022, 2023 and 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 and 2026. 25% of the award vested in 2023 and 2024. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.
F6 This restricted stock unit award will vest in 2027. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.
F7 This restricted stock award will vest in equal parts in 2025, 2026, 2027 and 2028. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.