Carolyn P. Micheli - Mar 1, 2022 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role
SVP, Corp. Communications & IR
Signature
William Appleton, Attorney-in-fact for Carolyn Pione Micheli
Stock symbol
SSP
Transactions as of
Mar 1, 2022
Transactions value $
$207,428
Form type
4
Date filed
3/3/2022, 04:15 PM
Next filing
Mar 3, 2023

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 $234K +10.5K +44.92% $22.23 34K Mar 1, 2022 Direct F1
transaction SSP Class A Common Shares, $.01 par value per share Tax liability -$113K -5.07K -14.92% $22.23 28.9K 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 -$51.9K -2.34K -100% $22.23 0 Mar 1, 2022 Restricted Stock Units 2.34K Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security -$96.3K -4.33K -33.33% $22.23 8.67K Mar 1, 2022 Restricted Stock Units 4.33K Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security -$85.7K -3.86K -57.5% $22.23 2.85K Mar 1, 2022 Restricted Stock Units 3.86K Direct F1
transaction SSP Restricted Stock Units Other $194K +8.73K +307.32% $22.23 11.6K Mar 1, 2022 Restricted Stock Units 8.72K Direct F3
transaction SSP Restricted Stock Units Award $126K +5.67K $22.23 5.67K Mar 1, 2022 Restricted Stock Units 5.67K 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.