BOCHENEK DAVID R 4
Research Summary
AI-generated summary
Sinclair (SBGI) SVP David Bochenek Receives Restricted Stock; Shares Withheld
What Happened
David R. Bochenek, Sinclair’s SVP and Chief Accounting Officer, was granted 22,564 shares of Class A common stock as restricted stock on 2026-02-26. To cover tax withholding, 11,048 of those shares were withheld at $13.86 per share for a total withholding value of $153,125. The awarded shares are restricted (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-02-26; Form 4 filed 2026-03-02 (appears timely).
- Grant: 22,564 shares issued as Restricted Stock (price N/A).
- Tax withholding: 11,048 shares withheld at $13.86/share, total $153,125 (code F).
- Net delivered shares from the grant: 22,564 granted − 11,048 withheld = 11,516 shares remaining subject to vesting.
- Reported existing holdings: 5,954 shares in a revocable trust and 3,539.055591 shares in a 401(k) unitized stock fund (per filing footnote).
- Footnotes: F1 = restricted stock vesting 50% on 2/26/2027 and 50% on 2/26/2028; F4 = withholding to satisfy tax liability; F3 notes additional holdings; F2 N/A.
Context
This was a compensation-related award (restricted stock) rather than an open-market buy or sell. Tax-withholding by withholding shares (cashless method) is a common administrative step and does not indicate a discretionary sale by the insider. Such grants are routine elements of executive pay and are not, by themselves, a directional signal about the executive’s view of Sinclair stock.