Sinclair (SBGI) SVP Justin Bray has 2,652 shares withheld for tax liability
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Sinclair, Inc. senior vice president and treasurer Justin LeRoy Bray reported a routine tax-related share disposition. On March 8, 2,652 shares of Class A Common Stock were withheld at $15.60 per share to cover taxes on 5,635 vested restricted shares. After this withholding, he directly held 51,314 Class A shares, in addition to other company shares held through a 401(k) and an employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bray Justin LeRoy
Role
SVP, Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 2,652 | $15.60 | $41K |
Holdings After Transaction:
Class A Common Stock — 51,314 shares (Direct)
Footnotes (1)
- The first vesting date of restricted shares granted to the Reporting Person on March 8, 2024. Designates withholding of shares to satisfy the Reporting Person's tax liability. The total number of shares released to the Reporting Person was 5,635 shares of Class A Common Stock issued as Restricted Stock of which 2,652 shares were withheld by the issuer to satisfy the Reporting Person's tax liability. Common Stock issued as Restricted Stock. Reporting Person also owns 1,079 shares of Class A Common Stock, 6,904.578205 shares of Class A Common Stock held in a 401(k)unitized stock fund and 3,822.19 shares of Class A Common Stock held in an Employee Stock Purchase Plan.
FAQ
What insider transaction did Sinclair (SBGI) report for Justin LeRoy Bray?
Sinclair reported a tax-withholding disposition for SVP and treasurer Justin LeRoy Bray. On March 8, 2,652 Class A shares were withheld to satisfy tax obligations tied to a restricted stock vesting, rather than being sold in the open market.
What restricted stock event triggered the tax withholding for Sinclair’s SVP?
The withholding was triggered by the first vesting of restricted shares granted to Justin Bray on March 8, 2024. As 5,635 restricted shares of Class A Common Stock vested, 2,652 of those shares were retained by Sinclair to meet his tax obligations.
Was the Sinclair (SBGI) insider transaction an open-market sale?
No, the transaction was not an open-market sale. It was coded as an F transaction, meaning 2,652 shares were withheld by Sinclair to pay Justin Bray’s tax liability on vested restricted stock, a routine administrative step rather than a discretionary share sale.