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Event representation targets to model the event-reasoning process as a machine-readable format. Previous studies on event representation mostly concentrate on a sole modeling perspective and have not well investigated the scenario-level knowledge, which can cause information loss. To cope with this dilemma, we propose a unified fine-tuning architecture-based approach ( UniFA-S ) that integrates all levels of trainings, including the scenario-level knowledge. However, another challenge for existing models is the ever-increasing computation overheads, restricting the deployment ability on limited resources devices. Hence, in this paper, we aim to compress the cumbersome model UniFA-S into a lighter and easy-to-deploy one without much performance damage. To this end, we propose a sequence-aware knowledge distillation model (SaKD) that employs a dynamic self-distillation on the decouple-compress-couple framework for compressing UniFA-S , which cannot only realize the model compression but also retain the integrity of individual components. We also design two fitting strategies to address the less-supervised issue at the distillation stage. Comprehensive experiments on representation-and-inference ability-based tasks validate the effectiveness of SaKD. Compared to UniFA-S , SaKD realizes a more portable event representation model at the cost of only 1.0% performance drop in terms of accuracy or Spearman’s correlation that is far less than other knowledge distillation models.