Sinclair (SBGI) CEO awarded 360,750 restricted Class A shares in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ripley Christopher reported acquisition or exercise transactions in this Form 4 filing.
Sinclair, Inc. President & CEO Christopher Ripley reported an equity award of 360,750 shares of Class A Common Stock as restricted stock, granted at no cash price. The award vests 50% on February 26, 2027 and 50% on February 26, 2028. Following this grant, he directly holds 975,091 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ripley Christopher
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 360,750 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 975,091 shares (Direct)
Footnotes (1)
- Common Stock issued as Restricted Stock, which vests 50% on February 26, 2027 and 50% on February 26, 2028. N/A Common Stock issued as Restricted Stock. The Reporting Person also owns 365,747 shares of Class A Common Stock held in a revocable trust for which the Reporting Person serves as a co-trustee and 5,561.263044 shares of Class A Common Stock held in a 40l(k) unitized stock fund.
FAQ
What did Sinclair (SBGI) CEO Christopher Ripley report on this Form 4?
Christopher Ripley reported an equity award of 360,750 shares of Sinclair Class A Common Stock. These shares were granted as restricted stock at no cash price and increase his directly held Class A position to 975,091 shares after the transaction.
Is the Sinclair (SBGI) CEO Form 4 a stock purchase or an award?
The filing reflects a stock award, not an open-market purchase. Christopher Ripley received 360,750 shares of Class A Common Stock as restricted stock, reported under a grant or award acquisition code rather than a traditional buy transaction.
What transaction code appears in the Sinclair (SBGI) CEO Form 4?
The transaction uses code “A,” indicating a grant, award, or other acquisition. It applies to 360,750 shares of Class A Common Stock issued as restricted stock rather than a market purchase or sale by the Sinclair CEO.