Sinclair SVP has shares withheld for taxes
Sinclair, Inc. senior vice president and treasurer Justin LeRoy Bray reported a tax-related share withholding.
Rhea-AI Filing Summary
Sinclair, Inc. senior vice president and treasurer Justin LeRoy Bray reported a tax-related share withholding. On the reported date, 4,809 shares of Class A Common Stock were withheld at $16.34 per share to cover his tax liability. After this disposition, he directly held 56,653 Class A shares, with additional shares held through restricted stock, a 401(k) unitized stock fund, and an employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 4,809 shares
Exercise Price or Tax Liability
1 txn
Insider
Bray Justin LeRoy
Role
SVP, Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 4,809 | $16.34 | $79K |
Holdings After Transaction:
Class A Common Stock — 56,653 shares (Direct)
Footnotes (2)
- F1. Designates withholding of shares to satisfy the Reporting Person's tax liability.
- F2. Common Stock issued as Restricted Stock. Reporting Person also owns 1,079 shares of Class A Common Stock, 5,675.206917 shares of Class A Common Stock held in a 401(k)unitized stock fund and 3,822.19 shares of Class A Common Stock held in an Employee Stock Purchase Plan.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sinclair (SBGI) executive Justin LeRoy Bray report in this Form 4?
Justin LeRoy Bray reported a tax-withholding disposition of 4,809 Sinclair Class A shares. The shares were withheld to satisfy his tax liability rather than sold in the open market, and he continues to hold a substantial remaining direct and plan-based position.
Was the Sinclair (SBGI) Form 4 transaction an open-market sale by Justin Bray?
No, the Form 4 describes a tax-withholding disposition coded F, not an open-market sale. Shares were designated and withheld by the issuer to satisfy Bray’s tax liability, which is a common mechanism when restricted stock vests or similar awards settle.
What security type is involved in Justin Bray’s Sinclair (SBGI) Form 4 filing?
The filing involves Sinclair’s Class A Common Stock. The reported transaction reflects 4,809 Class A shares withheld for taxes and confirms Bray’s remaining direct holdings in this class, alongside additional Class A shares held through restricted stock and employee benefit plans.
AI-generated analysis. How Rhea-AI works. Not financial advice.