Scripps extends CEO Adam Symson's contract to 2027 with $1.275M salary and $8M one-time grant

E.W. SCRIPPS Co

New employment agreement with CEO Adam Symson runs through Dec 31, 2027; replaces prior three-year contract.
Base salary set at $1,275,000/year effective Jan 1, 2023; target annual incentive 110% of base.
Target long-term incentive for 2023 fiscal year is at least $4,200,000; one-time grant of $8,000,000 RSUs (70% performance, 30% time).
Performance-based RSUs vest over 5 years based on operating cash flow and relative TSR goals.
Severance includes 2x salary and target bonus, plus COBRA for 2 years if terminated without cause or for good reason.

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