Adam Symson - Mar 1, 2022 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role
President and CEO, Director
Signature
/s/ William Appleton, Attorney-in-fact for Adam P. Symson
Stock symbol
SSP
Transactions as of
Mar 1, 2022
Transactions value $
$3,364,466
Form type
4
Date filed
3/3/2022, 04:09 PM
Previous filing
Sep 3, 2021
Next filing
Aug 4, 2022

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 $3.72M +167K +110.47% $22.23 319K Mar 1, 2022 Direct F1
transaction SSP Class A Common Shares, $.01 par value per share Tax liability -$1.71M -76.8K -24.12% $22.23 242K Mar 1, 2022 Direct F2
holding SSP Common Voting Shares, $.01 par value per share 0 Mar 1, 2022 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 -$575K -25.9K -100% $22.23 0 Mar 1, 2022 Restricted Stock Units 25.9K Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security -$577K -25.9K -50% $22.23 25.9K Mar 2, 2022 Restricted Stock Units 25.9K Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security -$1.31M -59.1K -33.33% $22.23 118K Mar 1, 2022 Restricted Stock Units 59.1K Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security -$1.25M -56.3K -73.75% $22.23 20K Mar 1, 2022 Restricted Stock Units 56.3K Direct F1
transaction SSP Restricted Stock Units Other $3.31M +149K +742.85% $22.23 169K Mar 1, 2022 Restricted Stock Units 48.8K Direct F3
transaction SSP Restricted Stock Units Award $1.76M +79.3K $22.23 79.3K Mar 1, 2022 Restricted Stock Units 79.3K Direct F4
* 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 2022, 2023, 2024 and 2025. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.
F4 This restricted stock unit award will vest in equal parts in 2023, 2024, 2025 and 2026. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.