Form 4: E.W. Scripps Co: Holcomb Reports Conversion of Restricted Stock Units into Class A Common Shares

Monica Holcomb, a director and potential 10% owner of E.W. Scripps Co, reports the conversion of restricted stock units into Class A Common Shares on May 1, 2024.

Summary

• On May 1, 2024, Monica Holcomb, a director of E.W. Scripps Co, converted 16,685 restricted stock units into Class A Common Shares at a price of $3.9 per share.
• Following the transaction, Holcomb directly owns 16,685 Class A Common Shares.
• Holcomb also indirectly owns 16,505 Class A Common Shares and 41,128 Common Voting Shares through a trust.
• Additionally, Holcomb directly owns 6,484 Common Voting Shares.
• Holcomb may be deemed to have shared voting power with respect to more than 10% of the Class A Common Shares due to the voting provisions of the Second Amended and Restated Scripps Family Agreement.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the holdings and transactions of company directors and officers.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• The conversion of restricted stock units into common shares has a minor dilutive effect on existing shareholders.

Key Dates