Sinclair EVP reports tax-withholding share disposition
Sinclair, Inc. executive David B. Gibber, EVP & Chief Legal Officer, reported a tax-related share disposition.
Rhea-AI Filing Summary
Sinclair, Inc. executive David B. Gibber, EVP & Chief Legal Officer, reported a tax-related share disposition. On this Form 4, the company withheld 16,902 shares of Class A Common Stock at $16.34 per share to satisfy his tax liability, rather than an open-market sale. Following this tax-withholding disposition, he directly owns 224,128 shares of Class A Common Stock. Footnotes also note additional holdings through a 401(k) unitized stock fund, an employee stock purchase plan, and stock appreciation rights that include shares scheduled to vest on March 8, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 16,902 | $16.34 | $276K |
Footnotes (2)
- F1. Designates withholding of shares to satisfy the Reporting Person's tax liability.
- F2. Common Stock issued as Restricted Stock. The Reporting Person also owns 4,656.006471 shares of Class A Common Stock held in a 401(k) unitized stock fund, 396.777 shares of Class A Common Stock held in an Employee Stock Purchase Plan, and 307,707 shares of Class A Common Stock issued as Stock Appreciation Rights, 52,600 shares of which shall vest on March 8, 2026.
FAQ
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What insider transaction did Sinclair (SBGI) report for David B. Gibber?
Was the Sinclair (SBGI) Form 4 transaction an open-market sale by David B. Gibber?
What additional Sinclair (SBGI) equity interests does David B. Gibber hold?
What role does David B. Gibber hold at Sinclair (SBGI) in this Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.