Sinclair (SBGI) exec stock withheld to cover tax bill
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Smith Jason Ryan
Role
Executive Vice Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 9,214 | $15.60 | $144K |
Holdings After Transaction:
Class A Common Stock — 291,905 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 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. 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
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.