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

Director Charles L. Barmonde converts restricted stock units into Class A Common Shares of E.W. Scripps Co.

Summary

• On May 1, 2024, Charles L. Barmonde, a director and potential 10% owner of E.W. Scripps Co, converted 16,685 restricted stock units into Class A Common Shares.
• Following the transaction, Barmonde directly owns 0 Class A Common Shares and indirectly owns 659,086 Class A Common Shares through a revocable living trust.
• Barmonde also directly owns 0 Common Voting Shares and indirectly owns 585,666 Common Voting Shares through a revocable living trust.
• 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: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which is common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Similar filings are made by insiders at comparable media companies like Fox Corporation (FOX), News Corporation (NWSA), and Gannett Co., Inc. (GCI) when they engage in transactions involving their company's stock.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• The conversion of restricted stock units into common shares has a minimal impact on the overall market capitalization of the company.

Key Dates

Keywords

E.W. Scripps Co, Director, Charles L. Barmonde, Class A Common Shares, Restricted Stock Units, Beneficial Ownership, Form 4, Insider Trading