David D. Smith (SBGI) gets 230,880 restricted shares, withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sinclair, Inc. Executive Chairman David D. Smith reported equity compensation and related tax withholding. He received a grant of 230,880 shares of Class A common stock as restricted stock at $0.00 per share, vesting 50% on February 26, 2027 and 50% on February 26, 2028. On the same date, 102,536 shares of Class A common stock were withheld at $13.86 per share to satisfy his tax liability, a non‑market disposition. Following these transactions, he directly owned 526,573 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SMITH DAVID D
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 230,880 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 102,536 | $13.86 | $1.42M |
Holdings After Transaction:
Class A Common Stock — 629,109 shares (Direct)
Footnotes (1)
- Class A 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 directly owns (i)1,823,783 shares of Class A Common Stock, (ii) 2,911,072.2270 shares of Class B Common Stock, and (iii) 18,839.367459 shares of Class A Common Stock held in a 401(k) unitized stock fund. The Reporting Person indirectly owns (i) 28,160 shares of Class A Common Stock held in separate custodial accounts established by the Reporting Person for the benefit of family members of which the Reporting Person is the custodian, (ii) 338,400 shares of Class A Common Stock held by trusts f/b/o family members of which the Reporting Person is a trustee, (iii) 4,000,000 shares of Class B Common Stock held by trusts f/b/o family members, (iv) 162,553 shares of Class A Common Stock held by a limited liability company controlled by the Reporting Person, and (v) 803,178 shares of Class A Common Stock held f/b/o David D. Smith Family Foundation, Inc., which the Reporting Person controls, but does not derive any benefit. Designates withholding of shares to satisfy the Reporting Person's tax liability.
FAQ
What insider transactions did Sinclair (SBGI) report for David D. Smith on this Form 4?
David D. Smith reported a grant of 230,880 restricted Class A shares and a related withholding of 102,536 Class A shares for taxes. Both transactions involved Sinclair stock directly owned by him, recorded on the same transaction date.