Sinclair (SBGI) CEO share withholding covers tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sinclair, Inc. President & CEO Christopher Ripley reported a Form 4 transaction where 114,206 shares of Class A Common Stock were withheld on February 28, 2026 to satisfy his tax liability, at a value of $16.34 per share. This was recorded as a tax-withholding disposition rather than an open-market sale. After this withholding, he directly held 860,885 shares of Class A Common Stock, and he also beneficially owned additional shares through a revocable trust and 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 | 114,206 | $16.34 | $1.87M |
Holdings After Transaction:
Class A Common Stock — 860,885 shares (Direct)
Footnotes (1)
- Designates withholding of shares 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 insider transaction did Sinclair (SBGI) report for Christopher Ripley?
Sinclair reported that CEO Christopher Ripley had 114,206 Class A shares withheld to cover his tax liability. The transaction used code F, meaning payment of taxes by delivering shares instead of an open-market sale for cash.
What does transaction code F mean in Sinclair (SBGI) CEO’s Form 4?
Transaction code F indicates shares were used to pay an exercise price or tax liability. For Sinclair’s CEO, 114,206 Class A shares were withheld to satisfy his tax obligation, rather than being sold on the open market for cash proceeds.
What additional Sinclair (SBGI) holdings are disclosed for Christopher Ripley?
Footnotes state Ripley also owns 365,747 Sinclair Class A shares in a revocable trust where he is co-trustee, and 5,561.263044 Class A shares in a 401(k) unitized stock fund, supplementing his directly held 860,885-share position after the transaction.