Legg Benson E 4

What Happened

• Legg Benson, a director of Sinclair Broadcast Group, reported a sale of 31,500 shares on 2026-05-04. The filing shows an aggregate disposal value of $459,900 at a reported average price of $14.60 per share. The transaction is reported as an open-market or private sale (code S), which is generally a routine insider sale rather than a company award or option exercise.

Key Details

• Transaction date: 2026-05-04; Filing date: 2026-05-06 (timely filing).
• Reported price: $14.60 per share (aggregate $459,900).
• Shares sold: 31,500.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote F1: Filing includes a note about a weighted-average purchase price and a price range of $14.40–$15.13, and offers to provide a breakdown on request. (This relates to purchase-price reporting included in the filing paperwork.)
• No indication in the provided data of a 10b5-1 plan, gift, option exercise, or tax-withholding in connection with this sale.

Context

• Sales by directors can be routine (liquidity, portfolio rebalancing, tax planning) and do not by themselves indicate company performance. Because this filing reports a straight sale (not an option exercise or an award), it reflects shares leaving the insider’s holdings rather than new shares being issued or exercised.