E.W. Scripps (SSP) SVP gains RSU awards as shares withheld for tax
Rhea-AI Filing Summary
E.W. Scripps SVP and Controller Daniel Perschke reported multiple equity compensation transactions involving restricted stock units (RSUs) and Class A common shares. On March 1, 2026, several RSU grants and conversions were recorded at a price of $0.00 per unit or share.
Perschke acquired RSUs through both new awards and the conversion of existing RSUs into Class A common shares, including performance-based units credited after the company exceeded performance goals. These awards are scheduled to vest in equal parts between 2027 and 2030, with each vested unit converting into one Class A common share.
To satisfy tax obligations tied to these equity events, the company withheld 14,831 Class A common shares, recorded as a tax-withholding disposition rather than an open-market sale. After these transactions, Perschke directly held 30,820.4354 Class A common shares of E.W. Scripps.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,512 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,845 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,515 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 39,197 | $0.00 | -- |
| Exercise | Restricted Stock Units | 20,809 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 24,079 | $0.00 | -- |
| Tax Withholding | Class A Common Shares, $.01 par value per share | 14,831 | $0.00 | -- |
| Exercise | Class A Common Shares, $.01 par value per share | 29,681 | $0.00 | -- |
| holding | Common Voting Shares, $.01 par value per share | -- | -- | -- |
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.