4/A: Sinclair Inc. Treasurer Justin Bray Amends Form 4 Filing to Correct Share Withholding and Ownership Details

Sinclair Inc.'s Treasurer, Justin LeRoy Bray, filed an amendment to his Form 4 to correct the number of shares withheld for tax liability and the total shares beneficially owned following a transaction on March 2, 2024.

Summary

• Justin LeRoy Bray, Treasurer of Sinclair Inc., filed an amended Form 4 on March 6, 2024, to correct information regarding a transaction that occurred on March 2, 2024.
• The amendment addresses the number of Class A Common Stock shares withheld to cover Mr. Bray's tax liability and the total number of shares beneficially owned after the transaction.
• The initial filing on March 5, 2024, contained inaccuracies that this amendment rectifies.
• As a result of the amendment, it is clarified that Mr. Bray owns 14,694 shares of Class A Common Stock issued as Restricted Stock.
• The transaction on March 2, 2024, involved the vesting of restricted shares granted to Mr. Bray on March 2, 2023.
• Of the 4,383 shares of Class A Common Stock released, 2,262 shares were withheld by Sinclair Inc. to satisfy Mr. Bray's tax obligations at a price of $14.52 per share.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market. It does not necessarily indicate a broader trend within the broadcasting industry.

Stakeholder Impact

• The correction ensures accurate reporting of insider ownership, which is important for shareholders.

Key Dates