William Appleton - 01 May 2024 Form 4 Insider Report for E.W. SCRIPPS Co (SSP)

Role: Chief Legal Officer
Signature: /s/ William Appleton
Issuer symbol: SSP
Transactions as of: 01 May 2024
Net transactions value: +$66,975
Form type: 4
Filing time: 03 May 2024, 16:01:26 UTC
Previous filing: 05 Mar 2024
Next filing: 14 Aug 2024
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	$38,044	+9,755	+6.9%	$3.90	150,263	01 May 2024	Direct	F1
transaction	SSP	Class A Common Shares, $.01 par value per share	Tax liability	$16,345	-4,191	-2.8%	$3.90	146,072	01 May 2024	Direct	F2
holding	SSP	Common Voting Shares, $.01 par value per share						0	01 May 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	Award	$83,320	+21,364	+100%	$3.90	42,824	01 May 2024	Restricted Stock Unites	42,824	$3.90	Direct	F3
transaction	SSP	Restricted Stock Units	Conversion of derivative security	$38,044	-9,755	-23%	$3.90	33,069	01 May 2024	Restricted Stock Unites	33,069	$3.90	Direct	F1
holding	SSP	Restricted Stock Units						9,430	01 May 2024	Restricted Stock Units	9,430		Direct	F4
holding	SSP	Restricted Stock Units						12,296	01 May 2024	Restricted Stock Units	12,296		Direct	F5
holding	SSP	Restricted Stock Units						24,771	01 May 2024	Senior Leaders	24,771		Direct	F6

* 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	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.
F4	This restricted stock award will vest in 2025. 25% of the award vested in 2022, 2023 and 2024. 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 2025 and 2026. 25% 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.
F6	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.