Scripps CLO receives new stock awards and exercises
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,476 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 92,228 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 43,190 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 70,821 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Shares | 24,585 | $0.00 | $0.00 |
| Exercise | Class A Common Shares | 55,319 | $0.00 | $0.00 |
| holding | Common Voting Shares | -- | -- | -- |
Footnotes (4)
- F1. The terms of this long-term incentive award mandate that the Company withhold shares to satisfy the reporting person's tax obligation.
- F2. This transaction reflects the conversion of restricted stock units into Class A Common Shares.
- F3. 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.
- F4. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SSP Chief Legal Officer David M. Giles report?
How are David M. Giles’s new E.W. Scripps RSU awards scheduled to vest?
What performance condition affected David M. Giles’s restricted stock units at E.W. Scripps (SSP)?
AI-generated analysis. How Rhea-AI works. Not financial advice.