Gibber David B 4
4 · SINCLAIR BROADCAST GROUP INC · Filed Feb 2, 2022
Insider Transaction Report
Form 4
Gibber David B
SVP & General Counsel
Transactions
- Award
Stock Appreciation Right
2022-01-31+55,066→ 127,366 totalFrom: 2023-01-31Exp: 2032-01-31→ Class A Common Stock (55,066 underlying) - Award
Class A Common Stock
2022-01-31+16,520→ 35,534 total
Footnotes (5)
- [F1]Common Stock issued as Restricted Stock, which vests 50% on January 31, 2023 and 50% on January 31, 2024.
- [F2]N/A
- [F3]Common Stock issued as Restricted Stock. Reporting Person also owns 803.690068 shares of Class A Common Stock held in a 401(k) unitized stock fund and 1,847.35 shares of Class A Common Stock held in an Employee Stock Purchase Plan.
- [F4]The Stock Appreciation Right is exercisable at the price equal in value to the difference between the stock appreciation right's base value of $27.48 per stock appreciation right which is the fair market value of one share as of the grant date, and the per share closing price of Sinclair Broadcast Group, Inc. common stock on the date of exercise.
- [F5]Stock Appreciation Right shall vest 50% on January 31, 2023 and 50% on January 31, 2024.