Form 4: E.W. Scripps Co: EVP and CAO Laura Tomlin Reports Changes in Beneficial Ownership

Laura Tomlin, EVP and CAO of E.W. Scripps Co, reports the conversion of restricted stock units and withholding of shares for tax obligations, resulting in changes to her beneficial ownership of Class A Common Shares.

Summary

• On March 1, 2024, Laura Tomlin, EVP and CAO of E.W. Scripps Co, reported changes in her beneficial ownership of the company's securities.
• She converted 20,648 restricted stock units into Class A Common Shares at a price of $3.76.
• The company withheld 10,421 Class A Common Shares at $3.76 to satisfy her tax obligations related to a long-term incentive award.
• She also acquired 24,771 restricted stock units that will vest in equal parts from 2025 to 2028 and 48,951 restricted stock units that will vest in equal parts from 2024 to 2027.
• Following these transactions, Tomlin directly owns 45,421 Class A Common Shares and no Common Voting Shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects standard insider trading activity related to compensation and tax obligations.

Future Outlook

The restricted stock units will vest over the next several years, converting into Class A Common Shares.

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 executives regarding their holdings of company stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.

Key Dates