Kate O'Brian - 01 Mar 2023 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role
President, News
Signature
/s/ William Appleton, Attorney-in-fact for Kate O'Brian
Issuer symbol
SSP
Transactions as of
01 Mar 2023
Net transactions value
+$16,168
Form type
4
Filing time
03 Mar 2023, 11:07:24 UTC
Previous filing
10 Nov 2022
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 $20,791 +1,700 +60% $12.23 4,557 01 Mar 2023 Direct F1
transaction SSP Class A Common Shares, $.01 par value per share Tax liability $7,216 -590 -13% $12.23 3,967 01 Mar 2023 Direct F2
holding SSP Common Voting Shares, $.01 par value per share 0 01 Mar 2023 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 Award $23,384 +1,912 +60% $12.23 5,098 01 Mar 2023 Restricted Stock Units 1,912 Direct F3
transaction SSP Restricted Stock Units Conversion of derivative security $20,791 -1,700 -33% $12.23 3,398 01 Mar 2023 Restricted Stock Units 1,700 Direct F1
holding SSP Restricted Stock Units 5,714 01 Mar 2023 Restricted Stock Units 5,714 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 This restricted stock award will vest in equal parts in 2024 and 2025. One third of the award vested in 2023. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.
F4 This restricted stock award will vest in 2024. One third of the award vested in 2022 and 2023. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.