E.W. SCRIPPS (SSP) CEO logs large RSU grants, conversions and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
E.W. SCRIPPS Co President and CEO Adam Symson reported multiple equity compensation transactions dated March 1, 2026. He acquired several blocks of restricted stock units (RSUs) through exercises and new awards, including a grant of 1,300,414 RSUs and another of 532,577 RSUs. Footnotes state the company exceeded performance goals, leading to additional RSUs that vest in parts from 2026 through 2029 and convert one-for-one into Class A Common Shares upon vesting. Symson also acquired 765,279 Class A Common Shares via derivative exercises and disposed of 305,556 Class A Common Shares to cover tax obligations through share withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
765,279 shares exercised/converted
Mixed
10 txns
Insider
Symson Adam
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 37,677 | $0.00 | -- |
| Exercise | Restricted Stock Units | 70,782 | $0.00 | -- |
| Exercise | Restricted Stock Units | 88,194 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,300,414 | $0.00 | -- |
| Exercise | Restricted Stock Units | 568,626 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 532,577 | $0.00 | -- |
| Exercise | Class A Common Shares, $.01 par value per share | 765,279 | $0.00 | -- |
| Tax Withholding | Class A Common Shares, $.01 par value per share | 305,556 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Voting Shares, $.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Shares, $.01 par value per share — 1,443,103 shares (Direct);
Common Voting Shares, $.01 par value per share — 0 shares (Direct)
Footnotes (1)
- This transaction reflects the conversion of restricted stock units into Class A Common Shares. The terms of this long-term incentive award mandate that the Company withhold shares to satisfy the reporting person's tax obligation. 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 2027. Upon vesting, each restricted stock unit will convert into one Class A Common Share of the Company.
FAQ
What did E.W. SCRIPPS (SSP) CEO Adam Symson report in this Form 4?
Adam Symson reported multiple equity compensation transactions, mainly exercises and grants of restricted stock units and related share movements. These include large RSU awards, conversions into Class A Common Shares, and a tax-withholding share disposition, all dated March 1, 2026, reflecting routine executive compensation activity.
How many restricted stock units did SSP grant to CEO Adam Symson?
Symson received significant RSU grants totaling 1,300,414 units in one award and 532,577 units in another. According to the filing, these restricted stock unit awards vest over several years and convert into Class A Common Shares on a one-for-one basis when each portion vests.
When will Adam Symson’s newly reported SSP RSU awards vest?
One performance-based RSU award vested 25% in 2026 and will vest in equal parts in 2027, 2028, and 2029. Another RSU award is scheduled to vest in 2027, with each vested restricted stock unit converting into one Class A Common Share of the company.