Form 4: Sinclair Inc. Director Daniel C. Keith Sells 30,086 Shares of Class A Common Stock
SEC Form 4
Director Daniel C. Keith sold 30,086 shares of Sinclair Inc. Class A Common Stock at a weighted average price of $13.5758 on March 5, 2024.
Summary
- On March 5, 2024, Daniel C. Keith, a director of Sinclair Inc. (SBGI), sold 30,086 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $13.5758 per share.
- Following the transaction, Mr. Keith still directly owns 30,000 shares of Sinclair Inc. Class A Common Stock.
- The price range for the sale was between $13.56 and $13.64.
- Clinton R. Black, V, Esq., signed the Form 4 on behalf of Daniel C. Keith, by Power of Attorney.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of a stock sale by a company director. The sale itself doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
This transaction is a routine disclosure of stock trading activity by a company insider and doesn't necessarily indicate a broader trend within the broadcasting industry.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder confidence, but is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| December 31, 2023 | Date of Power of Attorney authorization |
| March 05, 2024 | Date of transaction (stock sale) |
| March 06, 2024 | Date of Form 4 filing |
| December 31, 2024 | Expiration date of Power of Attorney authorization |
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