Form 4: Sinclair Inc. Treasurer Justin Bray Reports Share Withholding for Tax Obligations
SEC Form 4
Sinclair Inc. Treasurer Justin Bray reports the withholding of 2,625 Class A Common Stock shares to cover tax liabilities related to restricted stock vesting.
Summary
- On March 2, 2024, Justin Bray, Treasurer of Sinclair, Inc., had 2,625 shares of Class A Common Stock withheld by the issuer to satisfy tax obligations.
- This withholding was related to the vesting of restricted shares granted on March 2, 2023.
- The total number of shares released to Mr. Bray was 4,383, with the withheld shares covering the tax liability at a price of $14.52 per share.
- Following the transaction, Mr. Bray directly owns 14,331 shares of Class A Common Stock, in addition to shares held in a 401(k) and an Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to tax obligations, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| December 31, 2023 | 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 | First vesting date of restricted shares granted to Justin Bray. |
| March 2, 2024 | Date of transaction where 2,625 shares were withheld to satisfy tax liability. |
| March 5, 2024 | Date of Form 4 filing. |
| December 31, 2024 | 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. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.