[Form 4] Sinclair, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Ripley Christopher
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 36,853 | $15.60 | $575K |
Holdings After Transaction:
Class A Common Stock — 824,032 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 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. 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
What did Sinclair (SBGI) CEO Christopher Ripley report in this Form 4?
Christopher Ripley reported a tax-withholding disposition of shares. Restricted stock vested, and a portion of the resulting Class A shares was withheld by Sinclair to cover his tax liability rather than being sold on the open market.
Is the Sinclair (SBGI) CEO’s Form 4 transaction an open-market sale?
No, the Form 4 reports a tax-withholding disposition, not an open-market sale. Shares were retained by Sinclair to pay Christopher Ripley’s tax obligation triggered by restricted stock vesting, a common administrative feature of equity compensation programs.
What is the origin of the Sinclair (SBGI) restricted stock involved in this Form 4?
The restricted stock relates to a grant made on March 8, 2024. The reported transaction marks the first vesting date for those restricted shares, when 75,131 Class A shares were released and a portion was withheld by Sinclair to satisfy tax obligations.