Form 4: E.W. Scripps Co Director Charles L. Barmonde Reports Changes in Beneficial Ownership

Director Charles L. Barmonde reports changes in beneficial ownership of E.W. Scripps Co shares, including the acquisition of restricted stock units.

Summary

• Charles L. Barmonde, a director of E.W. Scripps Co, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report indicates the acquisition of 40,983 restricted stock units on May 6, 2024, which will vest in 2025 and convert into Class A Common Shares.
• Barmonde directly owns 0 Class A Common Shares and indirectly owns 659,086 Class A Common Shares through a Revocable Living Trust.
• He also 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: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock ownership changes. The acquisition of restricted stock units is a slightly positive sign, but not significantly impactful.

Positives

• The acquisition of restricted stock units suggests confidence in the company's future performance.

Future Outlook

The restricted stock units will vest in 2025, converting into Class A Common Shares, potentially increasing Barmonde's direct or indirect ownership.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their investment activities, which can be an indicator of their sentiment towards the company's prospects.

Stakeholder Impact

• The change in insider ownership may influence investor sentiment.

Next Steps

• The restricted stock units will vest on May 6, 2025, and convert into Class A Common Shares.

Key Dates