Sinclair (SBGI) EVP has 11,056 shares withheld to cover taxes
Rhea-AI Filing Summary
Sinclair, Inc. executive vice president and chief legal officer David B. Gibber reported a tax-related stock transaction involving the company’s Class A Common Stock. On March 8, 2026, 11,056 shares were withheld by the issuer at $15.60 per share to satisfy his tax liability upon vesting of restricted stock.
A footnote explains that 22,540 shares of Class A Common Stock were released to him as restricted stock on that vesting date, with part of that award withheld for taxes. After the withholding transaction, he directly owned 213,072 shares of Class A Common Stock. The filing also states he holds additional Class A Common Stock through a 401(k) unitized fund and an employee stock purchase plan, and has stock appreciation rights on further shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 11,056 | $15.60 | $172K |
Footnotes (4)
- F1. The first vesting date of restricted shares granted to the Reporting Person on March 8, 2024.
- F2. Designates withholding of shares to satisfy the Reporting Person's tax liability.
- F3. The total number of shares released to the Reporting Person was 22,540 shares of Class A Common Stock issued as Restricted Stock of which 11,056 shares were withheld by the issuer to satisfy the Reporting Person's tax liability.
- F4. 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.
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