Barmonde Charles L. 4
Research Summary
AI-generated summary
E.W. Scripps (SSP) 10% Owner Charles L. Barmonde Exercises RSUs, Receives Award
What Happened
Charles L. Barmonde, a reported >10% owner of E.W. Scripps Co. (SSP), converted/exercised 90,673 restricted stock units (RSUs) into Class A Common Shares on May 5, 2026 (exercise price $0, total cash paid $0). He was also granted 49,575 RSUs on May 4, 2026; those RSUs are reported as an award that will vest in 2027 and convert into Class A Common Shares on a 1-for-1 basis. These transactions are conversions/awards (not open-market buys or sales).
Key Details
- Transaction dates: May 4, 2026 (grant of 49,575 RSUs); May 5, 2026 (conversion/exercise of 90,673 RSUs).
- Prices/values: all reported at $0 per share; no cash paid or received in these entries.
- Filing: Form 4 filed May 6, 2026 (appears timely relative to the transaction dates).
- Shares owned after transaction: not specified in the excerpted filing.
- Footnotes: F1 = conversion of RSUs into Class A shares; F2 = the 49,575 RSU award vests in 2027 and converts 1:1 to Class A shares upon vesting.
- Additional remark: Barmonde may be deemed to share voting power over >10% of Class A shares due to family voting provisions (Second Amended and Restated Scripps Family Agreement); he has a Schedule 13D on file (last amended Feb 21, 2023).
Context
RSU conversions are derivative-to-equity transactions — here, RSUs converted into underlying Class A shares without cash exchange (not a cashless exercise or immediate sale). Grants that have not vested (the 49,575 RSUs) do not represent current transferable shares until vesting. As a reported 10% owner with family voting arrangements, these filings reflect ownership and conversion mechanics more than routine executive trading.