4/A: E.W. Scripps Co: Officer Tomlin Reports Changes in Beneficial Ownership
SEC Form 4/A
Laura Tomlin, Chief Transformation Officer of E.W. Scripps Co, reports transactions involving Class A Common Shares and Restricted Stock Units.
Summary
- Laura Tomlin, Chief Transformation Officer of E.W. Scripps Co, filed an amendment to a previous Form 4.
- The report details transactions on May 1, 2024, involving Class A Common Shares and Restricted Stock Units.
- Tomlin converted 23,740 Restricted Stock Units into Class A Common Shares.
- 10,720 shares were withheld to satisfy tax obligations.
- An additional 46,014 Restricted Stock Units were credited due to the company exceeding performance goals.
- Tomlin directly owns 58,441 Class A Common Shares following the reported transactions.
- Tomlin directly owns 71,225 Restricted Stock Units that converted from 23,740 shares.
- Tomlin directly owns 94,965 Restricted Stock Units that converted from 46,014 shares.
- Various restricted stock unit awards will vest in the coming years, converting into Class A Common Shares.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and the company exceeding performance goals.
Positives
- The company exceeding performance goals resulted in additional restricted stock units being awarded to the reporting person.
Future Outlook
Future vesting of restricted stock units will result in the issuance of additional Class A Common Shares.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- Shareholders may be interested in executive compensation and equity ownership details.
- Employees may view the exceeding of performance goals positively.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of Restricted Stock Units (4) |
| 03/01/2023 | Date of Restricted Stock Units (5) |
| 05/01/2024 | Date of Earliest Transaction, Conversion of Restricted Stock Units, Additional Restricted Stock Units Credited |
| 03/01/2025 | Expiration Date of Restricted Stock Units (4) |
| 03/01/2025 | Vesting Date of Restricted Stock Units (4) |
| 03/01/2025 | Vesting Date of Restricted Stock Units (6) |
| 03/01/2026 | Expiration Date of Restricted Stock Units (5) |
| 03/01/2026 | Vesting Date of Restricted Stock Units (5) |
| 03/01/2026 | Vesting Date of Restricted Stock Units (6) |
| 03/01/2027 | Expiration Date of Restricted Stock Units (3) |
| 03/01/2027 | Vesting Date of Restricted Stock Units (3) |
| 03/01/2027 | Vesting Date of Restricted Stock Units (6) |
| 03/01/2028 | Vesting Date of Restricted Stock Units (6) |
| 03/04/2025 | Date of Signature |
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