Form 4: E.W. Scripps Co: Officer Daniel Perschke Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Daniel Perschke, Vice President and Controller of E.W. Scripps Co, reports acquisition and disposal of Class A Common Shares and Restricted Stock Units.
Summary
- On March 1, 2024, Daniel Perschke, Vice President and Controller of E.W. Scripps Co, filed a Form 4 to report changes in beneficial ownership.
- Perschke acquired 3,568 Class A Common Shares at $3.76 per share through the conversion of restricted stock units.
- He also disposed of 1,792 Class A Common Shares at $3.76 per share to satisfy tax obligations related to a long-term incentive award.
- Following these transactions, Perschke directly owns 8,386.4354 Class A Common Shares.
- Perschke also holds various Restricted Stock Units that will vest in the coming years and convert into Class A Common Shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
The reporting person holds restricted stock units that will vest in equal parts in 2025, 2026, 2027 and 2028, and other restricted stock units that will vest in equal parts in 2024, 2025, and 2026.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions reported may provide insights to stakeholders regarding management's view of the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date exercisable for 2,057 Restricted Stock Units |
| 03/01/2023 | Date exercisable for 1,511 Restricted Stock Units |
| 03/01/2024 | Transaction date for acquisition and disposal of shares and restricted stock units. |
| 05/01/2024 | Date exercisable for 5,944 Restricted Stock Units |
| 03/01/2025 | Expiration date for 2,057 Restricted Stock Units and date exercisable for 6,478 Restricted Stock Units |
| 03/01/2026 | Expiration date for 1,511 Restricted Stock Units and date exercisable for 5,944 Restricted Stock Units |
| 03/01/2028 | Expiration date for 6,478 Restricted Stock Units |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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