Form 4: E.W. Scripps Co. Executive Kate O'Brian Reports Stock Transactions
SEC Form 4 Filing
Kate O'Brian, President of Scripps News, reports the conversion of restricted stock units and subsequent tax withholding, resulting in changes to her beneficial ownership of E.W. Scripps Co. stock.
Summary
- On May 3, 2024, Kate O'Brian, President of Scripps News, reported transactions involving E.W. Scripps Co. stock.
- She converted 2,765 restricted stock units into Class A Common Shares at a price of $4.27 per share.
- The company withheld 1,162 shares to satisfy the reporting person's tax obligation, also at $4.27 per share.
- Following these transactions, O'Brian directly owns 6,957 Class A Common Shares and no Common Voting Shares.
- She also holds various restricted stock units that will vest in future years.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It doesn't necessarily reflect broader industry trends but offers insight into individual executive compensation and stock ownership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | One-third of the 2023 restricted stock award vested. |
| 05/03/2024 | Date of the reported transactions: conversion of restricted stock units and tax withholding. |
| 05/03/2024 | Restricted Stock Units converted to Class A Common Shares. |
| 05/07/2024 | Date of signature for the Form 4 filing. |
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