Scripps (SSP) CEO adds 26,910 shares in open-market purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
E.W. Scripps Co President and CEO Adam Symson reported an open-market purchase of 26,910 Class A Common Shares at $3.6858 per share. After this transaction, his direct ownership in Class A shares rose to 1,164,457 shares. The filing also updates several restricted stock unit (RSU) awards, which are scheduled to vest in stages from 2027 through 2030, with each vested unit converting into one Class A Common Share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 26,910 shares ($99,185)
Net Buy
7 txns
Insider
Symson Adam
Role
President and CEO
Bought
26,910 shs ($99K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Shares, $.01 par value per share | 26,910 | $3.6858 | $99K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Voting Shares, $.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Class A Common Shares, $.01 par value per share — 1,164,457 shares (Direct);
Restricted Stock Units — 180,045 shares (Direct);
Common Voting Shares, $.01 par value per share — 0 shares (Direct)
Footnotes (1)
- 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. This restricted stock award will vest in 2027. 25% of the award vested in 2024, 2025 and 2026. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company. This restricted stock award will vest in equal parts in 2027 and 2028. 25% of the award vested in 2025 and 2026. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company. This restricted stock award will vest in equal parts in 2027, 2028 and 2029. 25% of the award vested in 2026. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company. This restricted stock unit award will vest in equal parts in 2027, 2028, 2029 and 2030. Upon vesting, each restricted stock until will convert into one Class A Common Share of the Company.
FAQ
What did E.W. Scripps (SSP) CEO Adam Symson do in this Form 4?
Adam Symson reported an open-market purchase of 26,910 Class A Common Shares at $3.6858 per share. This increased his direct Class A share ownership to 1,164,457 shares, signaling a larger personal stake in the company’s equity.
What restricted stock units does the E.W. Scripps (SSP) CEO hold?
The filing lists multiple restricted stock unit awards with different schedules, including awards vesting in 2027, and others vesting in equal parts through 2028, 2029, and 2030. Upon vesting, each unit converts into one Class A Common Share.
When will Adam Symson’s E.W. Scripps (SSP) RSUs vest?
The RSU awards are structured to vest over several future years. Some awards fully vest in 2027, while others vest in equal parts across 2027, 2028, 2029, and 2030, adding future Class A Common Shares upon each vesting date.