Gibber David B 4
Research Summary
AI-generated summary
Sinclair (SBGI) EVP David B. Gibber Receives Restricted Stock Award
What Happened
David B. Gibber, Sinclair’s Executive Vice President & Chief Legal Officer, received a grant of 75,758 shares of Class A common stock as Restricted Stock on February 26, 2026. No purchase price was reported (award/grant — not a market purchase or sale). The award vests 50% on February 26, 2027 and 50% on February 26, 2028 (see footnote F1).
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (filed within the usual two-business-day window).
- Transaction type: Award/Grant of restricted stock (code A); price per share not applicable / not reported.
- Vesting: 50% on 2/26/2027 and 50% on 2/26/2028 (footnote F1).
- Shares owned after the transaction (per footnote disclosures): the grant adds 75,758 restricted shares. The reporting person also beneficially owns 4,656.006471 shares held in a 401(k) fund and 396.777 shares held in an ESPP. In addition, the filing reports 307,707 shares tied to Stock Appreciation Rights (52,600 of those SARs vest on March 8, 2026) (footnote F3).
- Footnotes: F1 = restricted stock vesting schedule; F2 = N/A; F3 = details of other holdings (401(k), ESPP, SARs).
- Filing timeliness: Timely (filed March 2, 2026 for a Feb 26, 2026 transaction).
Context
This was a compensation-related restricted stock grant, not an open-market purchase or sale. Restricted shares are subject to vesting and transfer limitations until they vest, so this type of filing reflects executive compensation rather than an immediate investment decision by the insider.