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
Net 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	$789,965	+35,536	+41%	$22.23	121,295	01 Mar 2022	Direct	F1
transaction	SSP	Class A Common Shares, $.01 par value per share	Tax liability	$338,007	-15,205	-13%	$22.23	106,090	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	$205,494	-9,244	-100%	$22.23	0	01 Mar 2022	Restricted Stock Units	9,244		Direct	F1
transaction	SSP	Restricted Stock Units	Conversion of derivative security	$175,862	-7,911	-50%	$22.23	7,911	01 Mar 2022	Restricted Stock Units	7,911		Direct	F1
transaction	SSP	Restricted Stock Units	Conversion of derivative security	$224,456	-10,097	-31%	$22.23	22,099	01 Mar 2022	Restricted Stock Units	10,097		Direct	F1
transaction	SSP	Restricted Stock Units	Conversion of derivative security	$184,153	-8,284	-54%	$22.23	6,970	01 Mar 2022	Restricted Stock Units	8,284		Direct	F1
transaction	SSP	Restricted Stock Units	Other	$473,899	+21,318	+306%	$22.23	28,288	01 Mar 2022	Restricted Stock Units	21,318		Direct	F3
transaction	SSP	Restricted Stock Units	Award	$341,097	+15,344		$22.23	15,344	01 Mar 2022	Restricted Stock Units	15,344		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.