FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
E.W. SCRIPPS Co [ SSP ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/01/2024 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Class A Common Shares, $.01 par value per share | 05/01/2024 | C(1) | 6,331 | A | $3.9 | 8,091 | D | |||
Class A Common Shares, $.01 par value per share | 05/01/2024 | F(2) | 2,737 | D | $3.9 | 5,354 | D | |||
Common Voting Shares, $.01 par value per share | 0 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | $3.9 | 05/01/2024 | A(3) | 13,147 | 05/01/2024 | 03/01/2027 | Restricted Stock Unites | 26,682 | $3.9 | 26,682 | D | ||||
Restricted Stock Units | $3.9 | 05/01/2024 | C(1) | 6,331 | 05/01/2024 | 03/01/2027 | Restricted Stock Unites | 20,351 | $3.9 | 20,351 | D | ||||
Restricted Stock Units | (4) | 03/01/2023 | 03/01/2025 | Restricted Stock Units | 1,699 | 1,699 | D | ||||||||
Restricted Stock Units | (5) | 05/03/2022 | 05/03/2024 | Restricted Stock Units | 2,765 | 2,765 | D | ||||||||
Restricted Stock Units | $6.56(6) | 03/01/2025 | 03/01/2028 | Senior Leaders | 15,243 | 15,243 | D |
Explanation of Responses: |
1. This transaction reflects the conversion of restricted stock units into Class A Common Shares. |
2. The terms of this long-term incentive award mandate that the Company withhold shares to satisfy the reporting person's tax obligation. |
3. Since the Company exceeded performance goals, additional restricted stock units were credited. This restricted stock award will vest in equal parts in 2025, 2026 and 2027. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company. |
4. This restricted stock award will vest in 2025. One-third of the award vested in 2023 and 2024. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company. |
5. This restricted stock award will vest in 2024. One-third of the vested in 2022 and 2023. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company. |
6. This restricted stock unit 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. |
/s/ William Appleton | 05/03/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |