Sinclair, Inc.·4/A

Mar 11, 9:58 PM ET

Bray Justin LeRoy 4/A

Research Summary

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Updated

Sinclair (SBGI) SVP Justin LeRoy Withholds 2,652 Shares for Taxes

What Happened
Justin LeRoy, SVP & Treasurer of Sinclair, had restricted stock vest on March 8, 2026. Of the 5,635 shares released, 2,652 shares were withheld by the issuer to satisfy the tax liability (code F) at $15.60 per share (2,652 x $15.60 = $41,371). The net number of shares released to LeRoy was 2,983. This Form 4 is an amendment changing the transaction code from "A" (award) to "F" (tax withholding) and correcting a minor footnote typo.

Key Details

  • Transaction date: 2026-03-08 (vesting and withholding)
  • Amended filing date: 2026-03-11 (corrects code from "A" to "F")
  • Withheld shares: 2,652 @ $15.60 each; withheld value $41,371
  • Total shares released on vesting: 5,635; net shares delivered to insider: 2,983
  • Reported holdings (per filing): 1,079 shares (direct), 6,904.578205 shares in a 401(k) unitized stock fund, and 3,822.19 shares in the Employee Stock Purchase Plan (plus the newly released net RS shares)
  • Footnotes: F1 = first vesting date of RS granted Mar 8, 2024; F2 = withholding to satisfy tax liability; F3 = confirms totals withheld/released; F4 = describes common stock issued as RS and other holdings
  • Filing status: Amended Form 4 to correct transaction code; amendment appears non-substantive aside from the code change

Context
Code F transactions are routine tax-withholdings when restricted shares vest and are not open-market sales or purchases. Withholding reduces the net shares delivered to the insider and does not by itself signal a buy/sell intent.