Adam Symson - Mar 1, 2024 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, 2024
Transactions value $
$669,426
Form type
4
Date filed
3/5/2024, 02:08 PM
Previous filing
May 3, 2023
Next filing
May 3, 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 Tax liability -$171K -45.4K -12.85% $3.76 308K Mar 1, 2024 Direct F1
transaction SSP Class A Common Shares, $.01 par value per share Conversion of derivative security $575K +153K +49.74% $3.76 461K Mar 1, 2024 Direct F2
holding SSP Common Voting Shares, $.01 par value per share 0 Mar 1, 2024 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 -$222K -59.1K -100% $3.76 0 Mar 1, 2024 Restricted Stock Units 59.1K $3.76 Direct
transaction SSP Restricted Stock Units Conversion of derivative security -$212K -56.3K -50% $3.76 56.3K Mar 1, 2024 Restricted Stock Units 56.3K $3.76 Direct
transaction SSP Restricted Stock Units Conversion of derivative security -$142K -37.7K -33.33% $3.76 75.4K Mar 1, 2024 Restricted Stock Units 37.7K $3.76 Direct
transaction SSP Restricted Stock Units Award $840K +128K $6.56 128K Mar 1, 2024 Restricted Stock Units 128K Direct F3
holding SSP Restricted Stock Units 180K Mar 1, 2024 Restricted Stock Units 180K Direct F4
holding SSP Restricted Stock Units 117K Mar 1, 2024 Restricted Stock Unites 117K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The terms of this long-term incentive award mandate that the Company withhold shares to satisfy the reporting person's tax obligation.
F2 This transaction reflects the conversion of restricted stock units into Class A Common Shares.
F3 This restricted stock award will vest in equal parts in 2025, 2026, 2027 and 2028. 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.
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.