[Form 4] Sinclair, Inc. Insider Trading Activity
Sinclair, Inc. President & CEO Christopher Ripley reported a tax-related share withholding tied to restricted stock vesting.
Rhea-AI Filing Summary
Sinclair, Inc. President & CEO Christopher Ripley reported a tax-related share withholding tied to restricted stock vesting. On the first vesting date of restricted shares granted on March 8, 2024, 75,131 Class A shares were released, of which 36,853 shares were withheld by the issuer at $15.60 per share to cover his tax liability. This was not an open-market sale. Following the transaction, he directly holds 824,032 Class A shares, in addition to 365,747 shares held in a revocable trust where he is co‑trustee and 5,561.263044 shares held in a 401(k) unitized stock fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 36,853 | $15.60 | $575K |
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 75,131 shares of Class A Common Stock issued as Restricted Stock of which 36,853 shares were withheld by the issuer to satisfy the Reporting Person's tax liability.
- F4. Common Stock issued as Restricted Stock. The Reporting Person also owns 365,747 shares of Class A Common Stock held in a revocable trust for which the Reporting Person serves as a co-trustee and 5,561.263044 shares of Class A Common Stock held in a 40l(k) unitized stock fund.
FAQ
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What did Sinclair (SBGI) CEO Christopher Ripley report in this Form 4?
Is the Sinclair (SBGI) CEO’s Form 4 transaction an open-market sale?
What is the origin of the Sinclair (SBGI) restricted stock involved in this Form 4?
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