John W. Hayden - May 1, 2023 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 1, 2023
Transactions value $
$149,998
Form type
4
Date filed
5/3/2023, 02:14 PM
Previous filing
May 4, 2022
Next filing
May 2, 2024

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 $52.4K +6.49K +6.85% $8.08 101K May 1, 2023 Direct F1
holding SSP Common Voting Shares, $.01 par value per share 0 May 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 -$52.4K -6.49K -100% $8.08 0 May 1, 2023 Restricted Stock Units 6.49K Direct F1
transaction SSP Restricted Stock Units Other $150K +16.7K $8.99 16.7K May 1, 2023 Restricted Stock Units 16.7K Direct F2
holding SSP Phantom Stock 86.3K May 1, 2023 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 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.