Form 4: E.W. Scripps Director John W. Hayden Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director John W. Hayden reports acquisition of restricted stock units in E.W. Scripps Co.
Summary
- On May 6, 2024, John W. Hayden, a director of E.W. Scripps Co, acquired 40,983 restricted stock units at a price of $3.66.
- These restricted stock units will vest on May 6, 2025, and each unit will convert into one Class A Common Share of the company.
- Hayden directly owns 117,878.848 Class A Common Shares and no Common Voting Shares.
- Hayden also holds 86,313.98 phantom stocks through the company's deferred compensation plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction.
Future Outlook
The restricted stock units will vest on May 6, 2025, and convert into Class A Common Shares.
Industry Context
This filing is a routine disclosure of a director's acquisition of company stock, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The acquisition of restricted stock units by a director can be seen as a positive sign by shareholders, indicating confidence in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of transaction: Acquisition of restricted stock units. |
| 05/06/2025 | Vesting date for the restricted stock units. |
| 05/07/2024 | Date of signature for the report. |
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