Sinclair (SBGI) EVP uses 16,902 shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Gibber David B
Role
EVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 16,902 | $16.34 | $276K |
Holdings After Transaction:
Class A Common Stock — 224,128 shares (Direct)
Footnotes (1)
- Designates withholding of shares to satisfy the Reporting Person's tax liability. 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
What insider transaction did Sinclair (SBGI) report for David B. Gibber?
Sinclair, Inc. reported a tax-withholding disposition by David B. Gibber. The company withheld 16,902 shares of Class A Common Stock to cover his tax liability, a non-market transaction rather than an open-market purchase or sale, as reflected in his Form 4 filing.
Was the Sinclair (SBGI) Form 4 transaction an open-market sale by David B. Gibber?
No, the transaction was not an open-market sale. The Form 4 identifies the code “F,” meaning shares were withheld to satisfy tax obligations. A footnote clarifies that the designated shares covered David B. Gibber’s tax liability, rather than being sold in the market.
What additional Sinclair (SBGI) equity interests does David B. Gibber hold?
David B. Gibber has several additional Sinclair equity-related holdings. The Form 4 cites Class A Common Stock in a 401(k) unitized stock fund, an Employee Stock Purchase Plan position, and 307,707 shares in Stock Appreciation Rights, including 52,600 shares scheduled to vest on March 8, 2026.
What role does David B. Gibber hold at Sinclair (SBGI) in this Form 4 filing?
David B. Gibber serves as Executive Vice President and Chief Legal Officer. The Form 4 identifies him as an officer of Sinclair, Inc., and reports a tax-withholding disposition of Class A Common Stock related to his equity compensation and associated tax obligations.