Sinclair (NASDAQ: SBGI) SVP moves 8,617 shares into revocable trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sinclair, Inc. senior vice president and Chief Accounting Officer David R. Bochenek reported an internal share transfer. On this Form 4, 8,617 shares of Class A Common Stock moved from his individual holdings to his revocable trust at a stated price of $0.00 per share, reflecting a restructuring rather than a market trade.
After this transaction, he directly owns 17,581 Class A shares. A footnote states he also owns 14,571 Class A shares in a revocable trust and 4,686.301391 Class A shares held in a 401(k) unitized stock fund. Some of these shares were issued as Restricted Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BOCHENEK DAVID R
Role
SVP/Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 8,617 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 17,581 shares (Direct, null)
Footnotes (1)
- 8,617 shares transferred from Reporting Person, individually, to the Reporting Person's revocable trust. N/A Class A Common Stock issued as Restricted Stock. After the transaction reported on this Form 4, the Reporting Person also owns 14,571 shares of Class A Common Stock in a revocable trust, 4,686.301391 shares of Class A Common Stock held in a 401(k) unitized stock fund.
Key Figures
Internal transfer: 8,617 shares
Transfer price: $0.00 per share
Direct holdings after: 17,581 shares
+2 more
5 metrics
Internal transfer
8,617 shares
Transferred from individual to revocable trust
Transfer price
$0.00 per share
Stated transaction price for 8,617 shares
Direct holdings after
17,581 shares
Class A Common Stock directly owned after transaction
Revocable trust holdings
14,571 shares
Class A Common Stock in revocable trust noted in footnote
401(k) holdings
4,686.301391 shares
Class A Common Stock in 401(k) unitized stock fund
Key Terms
revocable trust, Restricted Stock, 401(k) unitized stock fund, Class A Common Stock
4 terms
revocable trust financial
"8,617 shares transferred from Reporting Person, individually, to the Reporting Person's revocable trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Restricted Stock financial
"Class A Common Stock issued as Restricted Stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
401(k) unitized stock fund financial
"4,686.301391 shares of Class A Common Stock held in a 401(k) unitized stock fund."
Class A Common Stock financial
"Class A Common Stock issued as Restricted Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Sinclair (SBGI) report for David R. Bochenek?
Sinclair reported that David R. Bochenek executed an internal transfer of 8,617 Class A Common Stock shares from his individual ownership to his revocable trust. The transaction was coded as "J" for other acquisition or disposition and carried a stated price of $0.00 per share.
What additional Sinclair (SBGI) holdings does David R. Bochenek have through plans or trusts?
A footnote states Bochenek also owns 14,571 Class A shares in a revocable trust and 4,686.301391 Class A shares in a 401(k) unitized stock fund. These holdings are in addition to his 17,581 directly owned shares after the reported transaction.
What does the Form 4 say about restricted stock for Sinclair (SBGI) SVP David R. Bochenek?
The filing notes that some Class A Common Stock was issued as Restricted Stock. After the internal transfer, Bochenek continues to hold Class A shares directly, in a revocable trust, and in a 401(k) unitized stock fund, reflecting compensation and savings-plan related ownership.