Sinclair's Frederick G. Smith reports share transfers
The AFS trust distribution was described as changing the form of Smith's beneficial ownership without changing his pecuniary interest.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Sinclair, Inc. (SBGI) reported three indirect dispositions and three direct acquisitions involving 48,000 Class A Common Stock shares each by Vice President, director and ten-percent owner Frederick G. Smith on September 30, 2026. The shares were valued at $12.76 per share, using the September 29 closing price. Smith received shares from the AFS trust on September 23, 2026, as an in-kind distribution satisfying an annuity payment; this changed his beneficial ownership from indirect to direct without changing his pecuniary interest. Upon completion of all transactions, he shall own 333,000 Class A shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1, F2, F3, F4, F5 | 48,000 | $12.76 | $612K |
| Other | Class A Common Stock F1, F2, F3, F4 | 48,000 | $12.76 | $612K |
| Other | Class A Common Stock F1, F2, F3, F4, F5 | 48,000 | $12.76 | $612K |
| Other | Class A Common Stock F1, F2, F3, F4 | 48,000 | $12.76 | $612K |
| Other | Class A Common Stock F1, F2, F3, F4, F5 | 48,000 | $12.76 | $612K |
| Other | Class A Common Stock F1, F2, F4 | 48,000 | $12.76 | $612K |
Footnotes (5)
- F1. Represents shares of Class A Common Stock received by the Reporting Person on September 23, 2026 as an in-kind distribution from the Frederick G. Smith AFS 2025, Series I Irrevocable Trust in satisfaction of an annuity payment. The Reporting Person is the settlor and sole annuitant of the trust. The transaction effected only a change in the form of the Reporting Person's beneficial ownership, from indirect to direct, without changing the Reporting Person's pecuniary interest.
- F2. Reflects the closing price of the Common Stock on September 29, 2026, the closing date of the day prior to the date of distribution, which was used to value the shares distributed and determine the number of shares required to satisfy the annuity payment.
- F3. Upon the consummation of all of the transactions contemplated by this filing, the Reporting Person shall own 333,000 shares of Class A Common Stock.
- F4. The Reporting person also directly owns 3,000,000 shares of Class B Common Stock, and he owns 17,801.567198 shares of Class A Common Stock held in a 401(k) unitized stock fund.
- F5. The Reporting Person has the right to substitute the corpus of the trust.
Key Figures
Key Terms
in-kind distribution financial
annuity payment financial
pecuniary interest financial
sole annuitant financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
AI-generated analysis. How Rhea-AI works. Not financial advice.