E.W. Scripps director exercises 90,673 RSUs
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Form Type
4
Rhea-AI Filing Summary
E.W. Scripps director Nishat Mehta exercised restricted stock units into Class A Common Shares and received a new equity award. On May 5, 90,673 restricted stock units converted into Class A shares, bringing his direct holdings to 131,656 Class A shares. On May 4, he was granted 49,575 new restricted stock units that will vest in 2027 and then convert one-for-one into Class A shares.
Insider Trade Summary
90,673 shares exercised/converted
Exercise
4 txns
Insider
Mehta Nishat
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 90,673 | $0.00 | $0.00 |
| Exercise | Class A Common Shares | 90,673 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 49,575 | $0.00 | $0.00 |
| holding | Common Voting Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 49,575 contracts (Direct);
Class A Common Shares — 131,656 shares (Direct);
Common Voting Shares — 0 shares (Direct)
Footnotes (2)
- F1. This transaction reflects the conversion of restricted stock units into Class A Common Shares.
- F2. This restricted stock unit award will vest in 2027. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.
Key Figures
RSUs converted: 90,673 shares
Shares held after conversion: 131,656 shares
New RSU grant: 49,575 units
+2 more
5 metrics
RSUs converted
90,673 shares
Restricted stock units converted into Class A Common Shares on May 5, 2026
Shares held after conversion
131,656 shares
Direct Class A Common Shares following May 5, 2026 transaction
New RSU grant
49,575 units
Restricted stock units granted on May 4, 2026
RSU vesting timing
2027
New 49,575-unit RSU award will vest in 2027
Exercise/conversion price
$0.00 per unit
Price per restricted stock unit for conversion into Class A shares
Key Terms
Restricted Stock Units, derivative security, Class A Common Shares
3 terms
Restricted Stock Units financial
"The transaction involves 90,673 Restricted Stock Units converting into Class A Common Shares."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"The Form 4 labels the RSU conversion as an exercise or conversion of a derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did E.W. Scripps (SSP) director Nishat Mehta report?
Nishat Mehta reported exercising 90,673 restricted stock units into Class A Common Shares and receiving 49,575 new restricted stock units. These actions increased his direct Class A holdings and added a new equity award that will vest and convert into shares in 2027.
What are the key details of the 49,575 restricted stock units granted to Nishat Mehta at E.W. Scripps (SSP)?
Mehta was granted 49,575 restricted stock units on May 4, 2026. According to the filing, this award will vest in 2027, and upon vesting each unit will convert into one Class A Common Share of E.W. Scripps, providing additional equity compensation at that time.
Was there any open-market buying or selling by Nishat Mehta in this E.W. Scripps Form 4?
The Form 4 shows no open-market purchases or sales. Reported transactions are an option-like conversion of 90,673 restricted stock units into Class A shares and a grant of 49,575 new restricted stock units, both compensation-related equity events rather than market trades.
What does the exercise of 90,673 restricted stock units mean for E.W. Scripps (SSP) director ownership?
The exercise converted 90,673 restricted stock units into an equal number of Class A Common Shares. This increased Mehta’s directly held Class A stake to 131,656 shares, shifting value from derivative-style restricted units into actual common shares with associated ownership rights.
AI-generated analysis. How Rhea-AI works. Not financial advice.
