Sinclair (SBGI) CCO reports 9,658 restricted shares and tax share withholding
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
Net Buyer: 5,888 shares
Net Buy
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 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 3,770 | $13.86 | $52K |
Holdings After Transaction:
Class A Common Stock — 27,846 shares (Direct)
Footnotes (4)
- F1. Common Stock issued as Restricted Stock, which vests 50% on February 26, 2027 and 50% on February 26, 2028.
- F2. N/A
- F3. 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.
- F4. Designates withholding of shares to satisfy the Reporting Person's tax liability.
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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.