Sinclair exec has shares withheld for taxes
Sinclair, Inc. Executive Vice Chairman Jason Ryan Smith reported a compensation-related share transaction.
Rhea-AI Filing Summary
Sinclair, Inc. Executive Vice Chairman Jason Ryan Smith reported a compensation-related share transaction. On restricted stock vesting, 18,783 shares of Class A Common Stock were released, and 9,214 shares were withheld by the issuer at $15.60 per share to cover his tax liability. This tax-withholding disposition is not an open-market sale. After the transaction, he directly holds 291,905 shares of Class A Common Stock, plus 3,334.644928 additional shares in a 401(k) unitized stock fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 9,214 shares
Exercise Price or Tax Liability
1 txn
Insider
Smith Jason Ryan
Role
Executive Vice Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 9,214 | $15.60 | $144K |
Holdings After Transaction:
Class A Common Stock — 291,905 shares (Direct)
Footnotes (4)
- F1. The first vesting date of restricted shares granted to the Reporting Person on March 8, 2024.
- F2. Designates withholding of shares to satisfy the Reporting Person's tax liability.
- F3. The total number of shares released to the Reporting Person was 18,783 shares of Class A Common Stock issued as Restricted Stock of which 9,214 shares were withheld by the issuer to satisfy the Reporting Person's tax liability.
- F4. Common Stock issued as Restricted Stock. Reporting Person also owns 3,334.644928 shares of Class A Common Stock held in a 40l(k) unitized stock fund.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sinclair (SBGI) disclose for Jason Ryan Smith?
Sinclair reported that Executive Vice Chairman Jason Ryan Smith had restricted stock vest, with 9,214 Class A shares withheld to cover taxes. In total, 18,783 restricted shares were released to him as Class A Common Stock on this vesting date.
What does transaction code "F" mean in the Sinclair (SBGI) Form 4 filing?
Transaction code “F” indicates payment of tax liability or exercise price by delivering securities. In this case, 9,214 Class A shares were withheld by Sinclair from vested restricted stock to satisfy Jason Ryan Smith’s tax obligations, rather than being sold on the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.