Sinclair (SBGI) EVP & Chief Legal Officer granted 75,758 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gibber David B reported acquisition or exercise transactions in this Form 4 filing.
Sinclair, Inc. executive David B. Gibber, EVP & Chief Legal Officer, reported receiving a grant of 75,758 shares of Class A Common Stock as restricted stock at a stated price of $0.00 per share.
The award vests in two equal installments, with 50% vesting on February 26, 2027 and the remaining 50% on February 26, 2028. Following this grant, Gibber directly holds 241,030 Class A shares. Footnote disclosures state he also holds additional Class A exposure through a 401(k) unitized stock fund, an Employee Stock Purchase Plan, and stock appreciation rights, separate from this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gibber David B
Role
EVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 75,758 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 241,030 shares (Direct)
Footnotes (1)
- Common Stock issued as Restricted Stock, which vests 50% on February 26, 2027 and 50% on February 26, 2028. N/A Common Stock issued as Restricted Stock. The Reporting Person also owns 4,656.006471 shares of Class A Common Stock held in a 401(k) unitized stock fund, 396.777 shares of Class A Common Stock held in an Employee Stock Purchase Plan, and 307,707 shares of Class A Common Stock issued as Stock Appreciation Rights, 52,600 shares of which shall vest on March 8, 2026.
FAQ
What did Sinclair (SBGI) executive David B. Gibber report in this Form 4?
David B. Gibber reported receiving a grant of 75,758 shares of Sinclair Class A Common Stock as restricted stock. The shares were awarded at a stated price of $0.00 per share and increase his directly held Class A position to 241,030 shares.
What additional Sinclair (SBGI) equity interests are disclosed for David B. Gibber?
Footnotes state that Gibber holds 4,656.006471 Class A shares in a 401(k) unitized stock fund, 396.777 Class A shares in an Employee Stock Purchase Plan, and 307,707 Class A shares issued as stock appreciation rights, with 52,600 of those SAR shares vesting on March 8, 2026.