Sinclair (SBGI) executive has 34,099 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sinclair, Inc. Executive Vice Chairman Jason Ryan Smith reported a tax-related share disposition. On this Form 4, 34,099 shares of Class A Common Stock were withheld at $16.34 per share to satisfy his tax liability, leaving 301,119 shares held directly, plus 3,334.644928 shares in a 401(k) unitized stock fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Jason Ryan
Role
Executive Vice Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 34,099 | $16.34 | $557K |
Holdings After Transaction:
Class A Common Stock — 301,119 shares (Direct)
Footnotes (1)
- Designates withholding of shares to satisfy the Reporting Person's tax liability. Common Stock issued as Restricted Stock. Reporting Person also owns 3,334.644928 shares of Class A Common Stock held in a 40l(k) unitized stock fund.
FAQ
What insider transaction did Sinclair (SBGI) report for Jason Ryan Smith?
Sinclair reported that Executive Vice Chairman Jason Ryan Smith had 34,099 Class A Common Stock shares withheld. The transaction was a tax-withholding disposition, not an open-market trade, to satisfy his tax liability in connection with restricted stock.
What type of Form 4 transaction code was used for the SBGI insider?
The transaction used code “F,” indicating payment of a tax liability by delivering securities. The filing describes it as a tax-withholding disposition of 34,099 Class A Common Stock shares, rather than a traditional open-market purchase or sale by Jason Ryan Smith.