Brian G. Lawlor - 03 Mar 2022 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role
President, Local Media
Signature
/s/ William Appleton, Attorney-in-fact for Brian G. Lawlor
Issuer symbol
SSP
Transactions as of
03 Mar 2022
Net transactions value
+$621,795
Form type
4
Filing time
03 Mar 2022, 16:14:23 UTC
Previous filing
08 Dec 2021
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 $839,538 +37,766 +28% $22.23 173,592 01 Mar 2022 Direct F1
transaction SSP Class A Common Shares, $.01 par value per share Tax liability $358,081 -16,108 -9.3% $22.23 157,484 01 Mar 2022 Direct F2
holding SSP Common Voting Shares, $.01 par value per share 0 03 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 $219,810 -9,888 -100% $22.23 0 01 Mar 2022 Restricted Stock Units 9,888 Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security $173,616 -7,810 -46% $22.23 9,078 01 Mar 2022 Restricted Stock Units 7,810 Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security $228,480 -10,278 -28% $22.23 25,998 01 Mar 2022 Restricted Stock Units 10,278 Direct F1
transaction SSP Restricted Stock Units Other $560,063 +25,194 +306% $22.23 33,431 01 Mar 2022 Restricted Stock Units 25,194 Direct F3
transaction SSP Restricted Stock Units Conversion of derivative security $217,632 -9,790 -47% $22.23 11,238 01 Mar 2022 Restricted Stock Units 9,790 Direct F1
transaction SSP Restricted Stock Units Award $419,814 +18,885 $22.23 18,885 01 Mar 2022 Restricted Stock Units 18,885 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.