Kate O'Brian - 03 May 2023 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role
President, Scripps News
Signature
/s/ William Appleton, Attorney-in-fact for Kate O'Brian
Issuer symbol
SSP
Transactions as of
03 May 2023
Net transactions value
-$55,262
Form type
4
Filing time
15 Aug 2023, 09:26:14 UTC
Previous filing
03 May 2023
Next filing
05 Dec 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 $22,742 +2,857 +72% $7.96 6,824 03 May 2023 Direct F1
transaction SSP Class A Common Shares, $.01 par value per share Tax liability $6,686 -840 -12% $7.96 5,984 03 May 2023 Direct F2
transaction SSP Class A Common Shares, $.01 par value per share Sale $48,576 -5,144 -86% $9.44 840 14 Aug 2023 Direct
holding SSP Common Voting Shares, $.01 par value per share 0 03 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 $22,742 -2,857 -50% $7.96 2,857 03 May 2023 Restricted Stock Units 2,857 Direct F3
holding SSP Restricted Stock Units 3,398 03 May 2023 Restricted Stock Units 3,398 Direct F4
holding SSP Restricted Stock Units 13,986 03 May 2023 Restricted Stock Unites 13,986 Direct F5
* 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 2024. 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 equal parts in 2024 and 2025. 25% of the award vested in 2023. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.
F5 This restricted stock award will vest in equal parts in 2024, 2025, 2026 and 2027. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.