Scripps (SSP) CLO adds major RSU grants and tax-withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
E.W. Scripps Chief Legal Officer David M. Giles reported multiple equity compensation transactions dated March 1, 2026. He acquired restricted stock units (RSUs) through grants of 92,228 and 70,821 units and through conversions of existing RSUs into Class A Common Shares.
He also exercised derivative securities into 55,319 Class A Common Shares, while 24,585 Class A shares were withheld by the company to satisfy tax obligations. Footnotes state that additional RSUs were credited because the company exceeded performance goals, with these awards scheduled to vest in stages from 2026 through 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
49,666 shares exercised/converted
Mixed
7 txns
Insider
Giles David M
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,476 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 92,228 | $0.00 | -- |
| Exercise | Restricted Stock Units | 43,190 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 70,821 | $0.00 | -- |
| Tax Withholding | Class A Common Shares | 24,585 | $0.00 | -- |
| Exercise | Class A Common Shares | 55,319 | $0.00 | -- |
| holding | Common Voting Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 16,420 shares (Direct);
Class A Common Shares — 19,931.977 shares (Direct);
Common Voting Shares — 0 shares (Direct)
Footnotes (1)
- The terms of this long-term incentive award mandate that the Company withhold shares to satisfy the reporting person's tax obligation. This transaction reflects the conversion of restricted stock units into Class A Common Shares. Since the Company exceeded performance goals, additional restricted stock units were credited. This restricted stock award will vest in equal parts in 2027, 2028 and 2029. 25% 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 insider transactions did SSP Chief Legal Officer David M. Giles report?
David M. Giles reported multiple equity compensation transactions on March 1, 2026. He received large grants of restricted stock units, had additional RSUs credited for performance, and converted RSUs into Class A Common Shares, alongside a tax-related share withholding by the company.
How are David M. Giles’s new E.W. Scripps RSU awards scheduled to vest?
One performance-based RSU award vests 25% in 2026 and in equal parts in 2027, 2028, and 2029. Another RSU award vests in equal parts in 2027, 2028, 2029, and 2030, with each vested unit converting into one Class A Common Share.
What performance condition affected David M. Giles’s restricted stock units at E.W. Scripps (SSP)?
A footnote states the company exceeded performance goals, resulting in additional restricted stock units being credited to Giles. These performance-based RSUs are scheduled to vest over several years, and upon vesting, each unit converts into one Class A Common Share of the company.