Form 4: E.W. Scripps Co: Director Barmonde Converts Restricted Stock Units into Class A Common Shares

Director Charles L. Barmonde converted restricted stock units into Class A Common Shares of E.W. Scripps Co on May 1, 2024.

Summary

• On May 1, 2024, Charles L. Barmonde, a director of E.W. Scripps Co, converted 16,685 restricted stock units into Class A Common Shares at a price of $3.9 per share.
• Following the transaction, Barmonde indirectly owns 659,086 Class A Common Shares through a revocable living trust and directly owns 0 Class A Common Shares.
• Barmonde also indirectly owns 585,666 Common Voting Shares through a revocable living trust and directly owns 0 Common Voting Shares.
• The reporting person may be deemed to have shared voting power with respect to more than 10% of the Class A Common Shares of the Issuer (due solely to the convertibility of Common Voting Shares of the Company into Class A Common Shares on a share-for-share basis) due to the voting provisions of the Second Amended and Restated Scripps Family Agreement, dated May 26, 2021, to which the reporting person is a party.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider transactions, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the holdings of a company director.

Key Dates