Douglas F. Lyons - 01 Mar 2022 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role
SVP, Fin. Strat.& Special Proj
Signature
/s/ William Appleton, Attorney-in-fact for Douglas F. Lyons
Issuer symbol
SSP
Transactions as of
01 Mar 2022
Net transactions value
+$43,549
Form type
4
Filing time
03 Mar 2022, 16:15:14 UTC
Previous filing
03 Dec 2021
Next filing
09 Mar 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 $406,787 +18,299 $22.23 18,299 01 Mar 2022 Direct F1
transaction SSP Class A Common Shares, $.01 par value per share Tax liability $176,151 -7,924 -43% $22.23 10,375 01 Mar 2022 Direct F2

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 $102,747 -4,622 -100% $22.23 0 01 Mar 2022 Restricted Stock Units 4,622 Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security $102,325 -4,603 -50% $22.23 4,605 01 Mar 2022 Restricted Stock Units 4,603 Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security $114,196 -5,137 -32% $22.23 11,005 01 Mar 2022 Restricted Stock Units 5,137 Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security $87,520 -3,937 -55% $22.23 3,277 01 Mar 2022 Restricted Stock Units 3,937 Direct F1
transaction SSP Restricted Stock Units Other $219,699 +9,883 +302% $22.23 13,160 01 Mar 2022 Restricted Stock Units 9,883 Direct F3
* 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.