Sinclair (SBGI) SVP Bray reports restricted stock vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
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 (1)
- The first vesting date of restricted shares granted to the Reporting Person on March 8, 2024. Designates withholding of shares to satisfy the Reporting Person's tax liability. 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. 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.
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.