Form 4: E.W. Scripps Co Director Kim Williams Reports Stock Transactions

Director Kim Williams reports acquisition and disposal of E.W. Scripps Co Class A Common Shares and Restricted Stock Units.

Summary

• Kim Williams, a director of E.W. Scripps Co, filed a Form 4 detailing changes in beneficial ownership.
• On May 6, 2025, Williams converted 40,983 Restricted Stock Units into Class A Common Shares.
• Following the transaction, Williams directly owns 232,620 Class A Common Shares.
• Williams also indirectly owns 400 Class A Common Shares through her husband as custodian for their children.
• Additionally, Williams was granted 90,673 Restricted Stock Units on May 5, 2025, which will vest in 2026.
• Williams holds 41,094.31 Phantom Stock units through the company's deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company director, with no inherently positive or negative implications.

Future Outlook

The restricted stock units awarded on May 5, 2025, will vest in 2026 and convert into Class A Common Shares.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Comparison to Industry Standards

• Director stock ownership is common across publicly traded companies.
• Deferred compensation plans are a typical way to compensate directors, often involving phantom stock or stock options.
• The vesting schedule for the restricted stock units is a standard practice to incentivize long-term commitment.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions themselves may have a minor impact on the stock price.

Key Dates

Keywords

Form 4, Beneficial Ownership, E.W. Scripps Co, Kim Williams, Stock Transaction, Restricted Stock Units, Common Shares, Director