Sinclair (SBGI) CCO reports 9,658 restricted shares and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sinclair, Inc. Chief Compliance Officer Jeffrey Edward Lewis reported equity compensation and related tax withholding in Class A common stock. He received a grant of 9,658 restricted shares at no cost, which vest 50% on February 26, 2027 and 50% on February 26, 2028.
On the same date, 3,770 shares were disposed of at $13.86 per share to satisfy his tax liability through share withholding, not an open-market sale. After these transactions, he directly held 27,846 Class A shares, plus additional shares held in a 401(k) unitized stock fund and an Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lewis Jeffrey Edward
Role
Chief Compliance Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 9,658 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 3,770 | $13.86 | $52K |
Holdings After Transaction:
Class A Common Stock — 31,616 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 1848.226584 shares of Class A Common Stock held in a 401(k) unitized stock fund and 2,038.16 shares of Class A Common Stock held in an Employee Stock Purchase Plan. Designates withholding of shares to satisfy the Reporting Person's tax liability.
FAQ
What insider transactions did Sinclair (SBGI) report for Jeffrey Edward Lewis?
Jeffrey Edward Lewis reported receiving 9,658 restricted Class A shares and a related tax-withholding disposition of 3,770 shares at $13.86 per share. These moves reflect equity compensation and automatic tax settlement rather than an open-market purchase or sale.
Was the Sinclair (SBGI) insider transaction an open-market sale?
No, the 3,770-share disposition at $13.86 was designated as share withholding to satisfy Jeffrey Edward Lewis’s tax liability. This type of Form 4 code F transaction is a tax-related share reduction, not a discretionary open-market stock sale.