William Appleton - 01 Mar 2022 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role
EVP and General Counsel
Signature
/s/ William Appleton
Issuer symbol
SSP
Transactions as of
01 Mar 2022
Transactions value $
$476,989
Form type
4
Filing time
03 Mar 2022, 16:10:52 UTC
Previous filing
16 Feb 2022
Next filing
08 Dec 2022
SEC
View on sec.gov

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 $790K +35.5K +41.44% $22.23 121K 01 Mar 2022 Direct F1
transaction SSP Class A Common Shares, $.01 par value per share Tax liability -$338K -15.2K -12.54% $22.23 106K 01 Mar 2022 Direct F2
holding SSP Common Voting Shares, $.01 par value per share 0 01 Mar 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 -$205K -9.24K -100% $22.23 0 01 Mar 2022 Restricted Stock Units 9.24K Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security -$176K -7.91K -50% $22.23 7.91K 01 Mar 2022 Restricted Stock Units 7.91K Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security -$224K -10.1K -31.36% $22.23 22.1K 01 Mar 2022 Restricted Stock Units 10.1K Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security -$184K -8.28K -54.31% $22.23 6.97K 01 Mar 2022 Restricted Stock Units 8.28K Direct F1
transaction SSP Restricted Stock Units Other $474K +21.3K +305.85% $22.23 28.3K 01 Mar 2022 Restricted Stock Units 21.3K Direct F3
transaction SSP Restricted Stock Units Award $341K +15.3K $22.23 15.3K 01 Mar 2022 Restricted Stock Units 15.3K 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.