Sinclair (SBGI) SVP Bray reports restricted stock vesting and tax withholding
Rhea-AI Filing Summary
Bray Justin LeRoy reported acquisition or exercise transactions in this Form 4 filing.
Sinclair, Inc. SVP and Treasurer Justin LeRoy Bray reported a compensation-related stock award, not an open-market trade. A restricted stock grant of 5,635 Class A Common shares vested, and 2,652 shares were withheld by the company to cover his tax liability. Following this vesting, he directly owns 51,314 Class A Common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,652 shares
Net Buy
1 txn
Insider
Bray Justin LeRoy
Role
SVP, Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,652 | $15.60 | $41K |
Holdings After Transaction:
Class A Common Stock — 51,314 shares (Direct)
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 5,635 shares of Class A Common Stock issued as Restricted Stock of which 2,652 shares were withheld by the issuer to satisfy the Reporting Person's tax liability.
- F4. 2. Common Stock issued as Restricted Stock. Reporting Person also owns 1,079 shares of Class A Common Stock, 6,904.578205 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.
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FAQ
What insider transaction did Sinclair (SBGI) report for Justin LeRoy Bray?
Sinclair reported that SVP and Treasurer Justin LeRoy Bray had 5,635 restricted Class A shares vest. As part of this vesting, 2,652 shares were withheld to cover taxes, and his direct Class A holdings increased to 51,314 shares.
Was the Sinclair (SBGI) Form 4 a stock purchase or sale?
The Form 4 shows a restricted stock vesting, not an open-market purchase or sale. Shares were granted as compensation, and a portion was withheld by Sinclair to satisfy Justin Bray’s tax obligations on the award.
Does the Sinclair (SBGI) Form 4 indicate derivative or option exercises?
No, the reported activity involves restricted Class A Common Stock rather than options or other derivatives. The transaction reflects a grant and vesting of restricted shares, along with share withholding for tax obligations, with no derivative exercises disclosed.