John W. Hayden - May 2, 2022 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role: Director
Signature: /s/ William Appleton, Attorney-in-Fact for John W. Hayden
Stock symbol: SSP
Transactions as of: May 2, 2022
Transactions value $: $124,985
Form type: 4
Date filed: 5/4/2022, 11:30 AM
Next filing: May 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	$101K	+5.94K	+6.69%	$16.95	94.7K	May 3, 2022	Direct	F1
holding	SSP	Common Voting Shares, $.01 par value per share						0	May 2, 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	-$101K	-5.94K	-100%	$16.95	0	May 3, 2022	Restricted Stock Units	5.94K		Direct	F1
transaction	SSP	Restricted Stock Units	Other	$125K	+6.49K		$19.27	6.49K	May 2, 2022	Restricted Stock Units	6.49K		Direct	F2
holding	SSP	Phantom Stock						86.3K	May 2, 2022	Class A Common	86.1K		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	This restricted stock unit award will vest in 2023. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.
F3	Pursuant to the company's 1997 Deferred Compensation and Stock Plan for Directors, directors may defer fees into a phantom stock fund. Under this plan, fees are allocated to a phantom shares account based on the fair market value of the company's Class A Common Shares on the last trading day of each quarter. Balances are paid in either shares or cash at the time a director leaves the Board.