Adam Symson - Mar 1, 2023 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role
President and CEO, Director
Signature
/s/ William Appleton, Attorney-in-fact for Adam P. Symson
Stock symbol
SSP
Transactions as of
Mar 1, 2023
Transactions value $
$45,679
Form type
4
Date filed
3/3/2023, 11:14 AM
Previous filing
Aug 4, 2022
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 $2.19M +179K +74.05% $12.23 421K Mar 1, 2023 Direct F1
transaction SSP Class A Common Shares, $.01 par value per share Tax liability -$827K -67.7K -16.08% $12.23 353K Mar 1, 2023 Direct F2
holding SSP Common Voting Shares, $.01 par value per share 0 Mar 1, 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 Conversion of derivative security -$317K -25.9K -100% $12.23 0 Mar 1, 2023 Restricted Stock Units 25.9K Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security -$722K -59.1K -50% $12.23 59.1K Mar 1, 2023 Restricted Stock Units 59.1K Direct F1
transaction SSP Restricted Stock Units Conversion of derivative security -$688K -56.3K -33.33% $12.23 113K Mar 1, 2023 Restricted Stock Units 56.3K Direct F1
transaction SSP Restricted Stock Units Award $873K +71.4K +90% $12.23 151K Mar 1, 2023 Restricted Stock Units 71.4K Direct F3
transaction SSP Restricted Stock Units Conversion of derivative security -$461K -37.7K -25% $12.23 113K Mar 1, 2023 Restricted Stock Units 37.7K Direct F1
holding SSP Restricted Stock Units 180K Mar 1, 2023 Restricted Stock Units 180K 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, 2025, and 2026. 25% 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 unit award will vest in 2027. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.