John W. Hayden - 01 May 2023 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: 01 May 2023
Net transactions value: +$149,998
Form type: 4
Filing time: 03 May 2023, 14:14:08 UTC
Previous filing: 04 May 2022
Next filing: 07 May 2025
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	$52,407	+6,486	+6.8%	$8.08	101,194	01 May 2023	Direct	F1
holding	SSP	Common Voting Shares, $.01 par value per share						0	01 May 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	$52,407	-6,486	-100%	$8.08	0	01 May 2023	Restricted Stock Units	6,486		Direct	F1
transaction	SSP	Restricted Stock Units	Other	$149,998	+16,685		$8.99	16,685	01 May 2023	Restricted Stock Units	16,685		Direct	F2
holding	SSP	Phantom Stock						86,314	01 May 2023	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 award will vest in equal parts in 2024. 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.