Rebecca A. Riegelsberger - 01 Mar 2022 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role: Treasurer, Vice President, Tax
Signature: /s/ William Appleton, Attorney-in-fact for Rebecca A. Riegelsberger
Issuer symbol: SSP
Transactions as of: 01 Mar 2022
Net transactions value: +$130,512
Form type: 4
Filing time: 03 Mar 2022, 16:18:18 UTC
Previous filing: 03 Mar 2022
Next filing: 03 Mar 2023
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	$111,528	+5,017	+69%	$22.23	12,336	01 Mar 2022	Direct	F1
transaction	SSP	Class A Common Shares, $.01 par value per share	Tax liability	$56,842	-2,557	-21%	$22.23	9,779	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	$42,748	-1,923	-50%	$22.23	1,923	01 Mar 2022	Restricted Stock Units	1,923		Direct	F1
transaction	SSP	Restricted Stock Units	Conversion of derivative security	$23,075	-1,038	-100%	$22.23	0	01 Mar 2022	Restricted Stock Units	1,038		Direct	F1
transaction	SSP	Restricted Stock Units	Conversion of derivative security	$45,705	-2,056	-57%	$22.23	1,521	01 Mar 2022	Restricted Stock Units	2,056		Direct	F1
transaction	SSP	Restricted Stock Units	Other	$103,392	+4,651	+306%	$22.23	6,172	01 Mar 2022	Restricted Stock Units	4,651		Direct	F3
transaction	SSP	Restricted Stock Units	Award	$83,963	+3,777		$22.23	3,777	01 Mar 2022	Restricted Stock Units	3,777		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 and 2025. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.