E.W. Scripps (SSP) director exercises 90,673 RSUs and receives grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
E.W. Scripps Co director John W. Hayden exercised restricted stock units into Class A Common Shares and received a new equity award. On May 5, 2026, 90,673 restricted stock units converted into Class A Common Shares, bringing his direct Class A Common Share holdings to 249,534.848 shares.
On May 4, 2026, he was granted 49,575 new restricted stock units at a conversion price of $0.00; the award will vest in 2027, when each unit converts into one Class A Common Share. He also holds phantom stock tied to Class A Common Shares through a deferred compensation plan, with 86,313.980 underlying shares credited to this phantom stock account.
Positive
- None.
Negative
- None.
Insider Trade Summary
90,673 shares exercised/converted
Mixed
5 txns
Insider
HAYDEN JOHN W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 90,673 | $0.00 | -- |
| Exercise | Class A Common Shares, $.01 par value per share | 90,673 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 49,575 | $0.00 | -- |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Voting Shares, $.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Shares, $.01 par value per share — 249,534.848 shares (Direct, null);
Phantom Stock — 86,313.98 shares (Direct, null);
Common Voting Shares, $.01 par value per share — 0 shares (Direct, null)
Footnotes (1)
- This transaction reflects the conversion of restricted stock units into Class A Common Shares. 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. Pursuant to the company's 1997 Deferred Compensation and Stock Plan for Directors, directors may defer fees into a phantom stock fund. Under this plan, fees are allocated to a phantom shares account based on the fair market value of the company's Class A Common Shares on the last trading day of each quarter. Balances are paid in either shares or cash at the time a director leaves the Board.
Key Figures
RSUs converted to shares: 90,673 shares
Class A shares after conversion: 249,534.848 shares
New RSU grant: 49,575 units
+2 more
5 metrics
RSUs converted to shares
90,673 shares
Restricted stock units converted into Class A Common Shares on May 5, 2026
Class A shares after conversion
249,534.848 shares
Direct Class A Common Share holdings following May 5, 2026 transaction
New RSU grant
49,575 units
Restricted stock units granted on May 4, 2026, vesting in 2027
Phantom stock underlying shares
86,313.980 shares
Underlying Class A Common Shares credited to phantom stock account
RSU exercise price
$0.00 per unit
Conversion or exercise price for the reported restricted stock units
Key Terms
Restricted Stock Units, phantom stock fund, Deferred Compensation and Stock Plan for Directors, phantom shares account, +1 more
5 terms
Restricted Stock Units financial
"This transaction reflects the conversion of restricted stock units 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.
phantom stock fund financial
"directors may defer fees into a phantom stock fund."
Deferred Compensation and Stock Plan for Directors financial
"Pursuant to the company's 1997 Deferred Compensation and Stock Plan for Directors, directors may defer fees"
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
FAQ
What did E.W. Scripps (SSP) director John W. Hayden report in this Form 4?
John W. Hayden reported equity compensation-related transactions. He converted 90,673 restricted stock units into Class A Common Shares and received a new grant of 49,575 restricted stock units, along with updating holdings in a phantom stock account tied to the company’s Class A Common Shares.
What are the key details of John W. Hayden’s new restricted stock unit grant at E.W. Scripps (SSP)?
On May 4, 2026, Hayden received a grant of 49,575 restricted stock units at a conversion price of $0.00. According to the disclosure, this award will vest in 2027, and each restricted stock unit will convert into one Class A Common Share of the company.
What does the conversion of 90,673 restricted stock units mean for E.W. Scripps director John W. Hayden?
The conversion means 90,673 restricted stock units were exchanged for an equal number of Class A Common Shares. This transaction, reported with code M, reflects an exercise or conversion of a derivative security, increasing Hayden’s direct Class A Common Share holdings to 249,534.848 shares.
How does the phantom stock plan work for E.W. Scripps (SSP) directors like John W. Hayden?
Under the company’s 1997 Deferred Compensation and Stock Plan for Directors, directors may defer fees into a phantom stock fund. Fees are converted into phantom shares based on Class A Common share value, with balances—such as Hayden’s 86,313.980 underlying shares—paid in shares or cash when a director leaves the Board.
What is the status of John W. Hayden’s phantom stock holdings at E.W. Scripps?
Hayden’s phantom stock account reflects 86,313.980 underlying Class A Common Shares. These phantom shares result from deferred director fees allocated each quarter based on fair market value and are payable in shares or cash when he leaves the E.W. Scripps Board, under the deferred compensation plan.