Form 4: E.W. Scripps Co: Executive Raymundo H. Granado Jr. Reports Transactions in Company Stock

Raymundo H. Granado Jr., a director and potential 10% owner of E.W. Scripps Co, reports the conversion of restricted stock units into Class A Common Shares and the acquisition of additional restricted stock units.

Summary

• On May 6, 2025, Raymundo H. Granado Jr. converted 40,983 restricted stock units into Class A Common Shares at a price of $0.
• Following this transaction, Granado directly owns 67,734 Class A Common Shares and 115 Common Voting Shares.
• On May 5, 2025, Granado acquired 90,673 restricted stock units, which will vest in 2026 and convert into Class A Common Shares on a 1:1 basis.
• After the reported transactions, Granado directly owns 90,673 restricted stock units.
• Granado may be deemed to have shared voting power with respect to more than 10% of the Class A Common Shares due to the Scripps Family Agreement.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of insider transactions. The acquisition of restricted stock units could be seen as a slightly positive signal.

Positives

• The acquisition of restricted stock units indicates a continued investment and alignment with the company's future performance.

Future Outlook

The acquired restricted stock units will vest in 2026, converting into Class A Common Shares, potentially increasing Granado's ownership stake.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects. This filing indicates continued investment by a director.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding Class A Common Shares upon vesting of the restricted stock units.

Key Dates

Keywords

E.W. Scripps Co, Granado, Restricted Stock Units, Class A Common Shares, Beneficial Ownership, Form 4, Insider Trading