Form 4: E.W. Scripps Co: SVP, Controller Daniel Perschke Reports Changes in Beneficial Ownership
SEC Form 4
Daniel Perschke, SVP, Controller of E.W. Scripps Co, reports transactions involving Class A Common Shares and Restricted Stock Units.
Summary
- On March 1, 2025, Daniel Perschke, SVP, Controller of E.W. Scripps Co, reported changes in beneficial ownership.
- Perschke converted 10,926 restricted stock units into Class A Common Shares.
- The company withheld 5,461 shares to satisfy the reporting person's tax obligation.
- Additional restricted stock units were credited due to the company exceeding performance goals: 7,580.
- Perschke was granted 44,041 restricted stock units that will vest in equal parts in 2026, 2027, 2028 and 2029.
- Following these transactions, Perschke directly owns 15,970.4354 Class A Common Shares and various amounts of Restricted Stock Units.
Sentiment
Score: 6
Explanation: Neutral sentiment as the document primarily reports transactions related to executive compensation. The exceeding of performance goals is a slightly positive indicator.
Positives
- The company exceeding performance goals resulted in additional restricted stock units being credited to the reporting person.
Future Outlook
The restricted stock awards will vest over the coming years, converting into Class A Common Shares upon vesting.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units may slightly dilute existing shareholders' equity over time.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date exercisable for 2,058 Class A Common Shares |
| 03/01/2023 | Date exercisable for 1,510 Class A Common Shares |
| 05/01/2024 | Date exercisable for 3,844 Class A Common Shares |
| 03/01/2025 | Earliest transaction date; Conversion of restricted stock units; Date exercisable for 3,514 Class A Common Shares; Additional restricted stock units credited. |
| 03/01/2025 | Date of report filing. |
| 03/01/2026 | Expiration date for 1,510 Class A Common Shares |
| 03/01/2026 | Expiration date for 3,844 Class A Common Shares |
| 03/01/2026 | Date exercisable for 44,041 Class A Common Shares |
| 03/01/2028 | Expiration date for 3,514 Class A Common Shares |
| 03/01/2028 | Vesting date for additional restricted stock units. |
| 03/01/2029 | Expiration date for 44,041 Class A Common Shares |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.