Radford Leigh 4
Research Summary
AI-generated summary
E.W. Scripps (SSP) Director Radford Leigh Converts RSUs, Receives Award
What Happened
- Radford Leigh, a director of E.W. Scripps Co. (SSP), converted 90,673 restricted stock units (RSUs) into Class A common shares on 2026-05-05 (reported as a derivative exercise/conversion). The filing shows the conversion at $0.00 per share (no cash paid). The same 90,673-share amount is also reported as a derivative "Disposed" entry in the filing; the filing’s footnote (F1) clarifies these entries reflect RSU conversion into Class A shares.
- In addition, Leigh was granted 49,575 RSUs on 2026-05-04 (reported as an award). Per footnote F2, those RSUs will vest in 2027 and convert 1-for-1 into Class A common shares upon vesting.
Key Details
- Transaction dates and reported prices: 2026-05-04 (49,575 RSU award, $0.00); 2026-05-05 (conversion of 90,673 RSUs, $0.00).
- Reported transaction codes: M = exercise/conversion of derivative; A = award/grant.
- Shares owned after the reported transactions: not specified in the Form 4 filing.
- Footnotes: F1 = conversion of RSUs into Class A Common Shares; F2 = 49,575 RSU award vests in 2027 and converts 1-for-1 to Class A shares.
- Filing date: 2026-05-06. The filing does not indicate it was late.
Context
- These entries reflect compensation-related RSU activity (conversion and a new RSU grant), not an open-market purchase or a cash sale. Conversions at $0.00 indicate RSUs were converted into shares rather than purchased with cash.
- RSU grants and conversions are common for executives/directors as part of compensation; they do not necessarily signal a buy/sell decision about the stock.