4/A: E.W. Scripps Executive Brian G. Lawlor Reports Stock Transactions
SEC Form 4/A Filing
Brian G. Lawlor, President of Scripps Sports, reported the conversion of restricted stock units and the withholding of shares for tax obligations.
Summary
- Brian G. Lawlor, President of Scripps Sports, reported several transactions involving E.W. Scripps Company Class A Common Shares.
- On March 1, 2024, 31,223 restricted stock units were converted into Class A Common Shares.
- Also on March 1, 2024, 12,707 Class A Common Shares were withheld to cover tax obligations related to the vesting of restricted stock units.
- Additionally, 32,774 restricted stock units were granted, vesting in equal parts from 2025 to 2028.
- Following these transactions, Lawlor directly owns 198,547 Class A Common Shares and 32,774 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies.
Comparison to Industry Standards
- Executive stock transactions are a standard practice across publicly listed companies, with reporting requirements mandated by the SEC.
- The vesting schedules and tax withholding practices are typical for executive compensation packages in the media industry.
- Companies like Nexstar Media Group and Tegna also have similar reporting requirements for their executives' stock transactions.
Stakeholder Impact
- The stock transactions have a minor impact on shareholders, as they are part of executive compensation and do not significantly alter the company's capital structure.
Key Dates
| Date | Description |
|---|---|
| 03/01/2021 | Date of exercisability for some of the restricted stock units converted on 03/01/2024 |
| 03/01/2022 | Date of exercisability for some of the restricted stock units converted on 03/01/2024 |
| 03/01/2023 | Date of exercisability for some of the restricted stock units converted on 03/01/2024 |
| 03/01/2024 | Date of stock unit conversion, tax withholding, and grant of new restricted stock units. |
| 03/05/2024 | Original filing date of the Form 4, which this is an amendment to. |
| 03/01/2025 | First vesting date for the newly granted restricted stock units. |
| 03/01/2026 | Second vesting date for the newly granted restricted stock units. |
| 03/01/2027 | Third vesting date for the newly granted restricted stock units. |
| 03/01/2028 | Final vesting date for the newly granted restricted stock units. |
| 08/14/2024 | Date of the Power of Attorney document. |
| 12/03/2024 | Date of signature for the amended Form 4 filing. |
Keywords
stock transactions, restricted stock units, insider trading, Form 4, E.W. Scripps, Brian G. Lawlor, Class A Common Shares, executive compensation
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