Form 4: E.W. Scripps Executive Kate O'Brian Reports Retirement and Stock Unit Holdings
SEC Form 4 Filing
Kate O'Brian, President of Scripps News, reports her retirement effective December 31, 2024, and discloses holdings of Class A Common Shares and Restricted Stock Units.
Summary
- Kate O'Brian, President of Scripps News, has retired from her position effective December 31, 2024.
- She has reported ownership of 6,957 Class A Common Shares and 0 Common Voting Shares.
- She also holds several Restricted Stock Unit awards that will vest over the coming years.
- These awards include 1,699 units vesting in 2025, 20,033 units vesting between 2025 and 2027, and 14,752 units vesting between 2025 and 2028.
- Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.
Sentiment
Score: 5
Explanation: The document is a neutral filing related to an executive's retirement and stock holdings. It does not contain any information that would indicate positive or negative sentiment.
Future Outlook
The document does not contain any forward-looking statements about the company's future performance.
Management Comments
- The reporting owner has retired as President, Scripps News, effective December 31, 2024, and is no longer obligated under the rules of Section 16.
Industry Context
This filing is a routine disclosure related to executive changes and stock ownership, which is common in publicly traded companies. It does not indicate any specific industry trend.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, as required by the SEC.
- The reporting of stock ownership and vesting schedules for executives is a common practice across the industry.
- The vesting schedules for the Restricted Stock Units are typical for executive compensation packages.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| President, Scripps News | Kate O'Brian | 12/31/2024 | Retirement |
Stakeholder Impact
- The retirement of the President of Scripps News may have a minor impact on the company's operations and strategy.
- Shareholders will be interested in the details of the executive's stock holdings.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Date from which some of the Restricted Stock Units began vesting. |
| 05/01/2024 | Date from which some of the Restricted Stock Units began vesting. |
| 12/31/2024 | Kate O'Brian's retirement date and date of the filing. |
| 03/01/2025 | Date from which some of the Restricted Stock Units will begin vesting. |
| 03/01/2027 | Date from which some of the Restricted Stock Units will begin vesting. |
| 03/01/2028 | Date from which some of the Restricted Stock Units will begin vesting. |
Keywords
Scripps, Executive Retirement, Stock Ownership, Restricted Stock Units, Form 4, Beneficial Ownership, Kate O'Brian
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