Form 4: E.W. Scripps Co Director Alexander Marcellus Winston Jr. Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Alexander Marcellus Winston Jr. reports acquisition of restricted stock units convertible to Class A Common Shares of E.W. Scripps Co.
Summary
- On May 6, 2024, Alexander Marcellus Winston Jr., a director of E.W. Scripps Co, reported acquiring restricted stock units.
- The restricted stock units, priced at $3.66, will vest on May 6, 2025, and convert into Class A Common Shares of the company.
- Following the transaction, Mr. Winston directly owns 46,802 Class A Common Shares and 0 Common Voting Shares.
- He also holds 40,983 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of insider transactions.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction could have a minor impact on shareholders by increasing the number of shares outstanding upon vesting of the restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of transaction: acquisition of restricted stock units |
| 05/06/2025 | Vesting date of restricted stock units |
| 05/06/2025 | Expiration date of restricted stock units |
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