Gibber David B 4
4 · Sinclair, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Sinclair (SBGI) EVP David Gibber Withholds 11,056 Shares for Taxes
What Happened David B. Gibber, EVP & Chief Legal Officer of Sinclair, Inc. (SBGI), had 22,540 restricted shares vest on March 8, 2026. Of those, 11,056 shares were withheld by the issuer to satisfy the reporting person’s tax liability at a price of $15.60 per share, yielding approximately $172,474. The remaining 11,484 vested shares were released to him.
Key Details
- Transaction date: 2026-03-08 (vesting date). Filing date: 2026-03-11, 2026; company notes the vesting fell on a Sunday and administrative processing followed the next business day.
- Action type/code: F — shares withheld to satisfy tax liability (not an open-market sale).
- Withheld: 11,056 shares @ $15.60 = $172,474 (approx).
- Total restricted shares released: 22,540; net shares delivered to Reporting Person: 11,484.
- Other reported holdings: 4,656.006471 shares in a 401(k) unitized stock fund, 396.777 shares in an Employee Stock Purchase Plan, and 307,707 shares reported as Stock Appreciation Rights (per footnote).
- Filing note: Company cites weekend vesting and administrative timing for the March 11 filing.
Context This was a routine tax-withholding transaction tied to restricted stock vesting — not a voluntary sale or purchase. Tax-withholdings (code F) are common when restricted stock vests; they reduce the number of shares delivered to the insider and do not by themselves indicate a change in insider sentiment.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3][F4]2026-03-08$15.60/sh−11,056$172,474→ 213,072 total
Footnotes (4)
- [F1]The first vesting date of restricted shares granted to the Reporting Person on March 8, 2024.
- [F2]Designates withholding of shares to satisfy the Reporting Person's tax liability.
- [F3]The total number of shares released to the Reporting Person was 22,540 shares of Class A Common Stock issued as Restricted Stock of which 11,056 shares were withheld by the issuer to satisfy the Reporting Person's tax liability.
- [F4]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.