Sinclair Board Member Boosts Stake to 77,713 Shares in Latest Insider Buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sinclair Director Benson E. Legg reported the acquisition of 18,084 shares of Class A Common Stock on June 6, 2025, through the company's Stock Incentive Plan. Following this transaction, Legg's direct beneficial ownership increased to 77,713 shares.
Key Transaction Details:
- Transaction Type: Stock Award (Code A)
- Security Type: Class A Common Stock
- Ownership Form: Direct
- Filing was completed by Anastasia Thomas Nardangeli, Esq., acting with Power of Attorney
This Form 4 filing indicates standard equity-based compensation for a board member, suggesting continued alignment between director and shareholder interests. No derivative securities were involved in this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Legg Benson E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 18,084 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 77,713 shares (Direct)
Footnotes (1)
- Issued pursuant to Stock Incentive Plan. N/A
FAQ
What is Benson E. Legg's total SBGI stock ownership after the June 2025 transaction?
Following the reported transaction, Benson E. Legg directly owned 77,713 shares of Sinclair, Inc. (SBGI) Class A Common Stock.
What position does Benson E. Legg hold at SBGI?
According to the Form 4 filing, Benson E. Legg serves as a Director of Sinclair, Inc. (SBGI), as indicated by the 'X' marked in the Director box under Section 5 of the form.
How was SBGI's stock acquisition by Benson Legg structured?
The stock acquisition was structured as an award under SBGI's Stock Incentive Plan, as noted in the filing's explanatory notes. The shares were directly owned, and no purchase price was listed as this was a stock grant rather than a market purchase.