John W. Hayden - 02 May 2022 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role
Director
Signature
/s/ William Appleton, Attorney-in-Fact for John W. Hayden
Issuer symbol
SSP
Transactions as of
02 May 2022
Net transactions value
+$124,985
Form type
4
Filing time
04 May 2022, 11:30:04 UTC
Next filing
03 May 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 $100,598 +5,935 +6.7% $16.95 94,708 03 May 2022 Direct F1
holding SSP Common Voting Shares, $.01 par value per share 0 02 May 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 $100,598 -5,935 -100% $16.95 0 03 May 2022 Restricted Stock Units 5,935 Direct F1
transaction SSP Restricted Stock Units Other $124,985 +6,486 $19.27 6,486 02 May 2022 Restricted Stock Units 6,486 Direct F2
holding SSP Phantom Stock 86,314 02 May 2022 Class A Common 86,065 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.