Form 4: E.W. Scripps Co: EVP and General Counsel William Appleton Reports Changes in Beneficial Ownership

William Appleton, EVP and General Counsel of E.W. Scripps Co, reports transactions involving Class A Common Shares and Restricted Stock Units.

Summary

• On March 1, 2024, William Appleton, EVP and General Counsel of E.W. Scripps Co, engaged in transactions involving Class A Common Shares and Restricted Stock Units.
• Appleton converted 26,231 restricted stock units into Class A Common Shares at a price of $3.76.
• The company withheld 10,675 shares to satisfy the reporting person's tax obligation at $3.76.
• Appleton was granted 24,771 Restricted Stock Units that will vest in equal parts in 2025, 2026, 2027 and 2028.
• Appleton was granted 21,460 Restricted Stock Units that will vest in equal parts in 2024, 2025, 2026 and 2027.
• Following these transactions, Appleton directly owns 140,508 Class A Common Shares and no Common Voting Shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating neutral sentiment. It reflects routine transactions related to executive compensation.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
• The withholding of shares for tax obligations affects the reporting person's net shareholding.

Key Dates