Form 4: Sinclair Inc. SVP & Treasurer Justin Bray Reports Stock Transactions
SEC Form 4
Justin Bray, SVP & Treasurer of Sinclair Inc., reports acquisition and disposal of Class A Common Stock related to restricted stock vesting and tax liability satisfaction.
Summary
- On February 28, 2025, Justin Bray acquired 18,252 shares of Class A Common Stock as restricted stock, which vests in two tranches: 50% on February 28, 2026, and 50% on February 28, 2027.
- Following this acquisition, Bray directly owned 44,216 shares of Class A Common Stock, including shares held in a 401(k) and an Employee Stock Purchase Plan.
- On March 2, 2025, 2,262 shares were withheld by Sinclair Inc. to cover Bray's tax liability related to the vesting of restricted shares granted on March 2, 2023.
- After the tax withholding, Bray directly owned 41,954 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| January 1, 2025 | Date of Power of Attorney authorization for Steven A. Thomas, Esquire, C.J. Persson, Esquire, Anastasia Thomas, Esquire and/or Clinton R. Black, V, Esquire to sign and file form 4's and form 5's with the U.S. Securities and Exchange Commission on Justin Bray's behalf. |
| March 2, 2023 | Second vesting date of restricted shares granted to the Reporting Person. |
| February 28, 2025 | Date of transaction where Justin Bray acquired 18,252 shares of Class A Common Stock as restricted stock. |
| February 28, 2026 | First vesting date (50%) for the restricted stock acquired on February 28, 2025. |
| February 28, 2027 | Second vesting date (50%) for the restricted stock acquired on February 28, 2025. |
| March 2, 2025 | Date of transaction where 2,262 shares were withheld for tax liability. |
| March 4, 2025 | Date of signature on the Form 4 filing. |
| December 31, 2025 | Expiration date of Power of Attorney authorization for Steven A. Thomas, Esquire, C.J. Persson, Esquire, Anastasia Thomas, Esquire and/or Clinton R. Black, V, Esquire to sign and file form 4's and form 5's with the U.S. Securities and Exchange Commission on Justin Bray's behalf. |
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