Lewis Jeffrey Edward 4
Research Summary
AI-generated summary
Sinclair (SBGI) CCO Jeffrey Lewis Receives Restricted Stock Award
What happened
- Jeffrey Lewis (reported as Lewis, Jeffrey Edward), Chief Compliance Officer at Sinclair, was granted 9,658 shares of Class A common stock as restricted stock on 2026-02-26. To cover the tax liability, 3,770 of those shares were withheld at $13.86/share, equal to $52,252. After withholding, the net newly held restricted shares from this grant are 5,888 (9,658 − 3,770).
- This is an equity award (not an open-market purchase or sale), so it’s a compensation-related issuance rather than a market bet.
Key details
- Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (filing flagged late).
- Grant: 9,658 restricted shares (transaction code A). Tax withholding: 3,770 shares withheld at $13.86/share for $52,252 (transaction code F).
- Vesting: 50% vests on 2027-02-26 and 50% vests on 2028-02-26 (footnote F1).
- Reported other holdings: 1,848.226584 Class A shares in a 401(k) unitized fund and 2,038.16 Class A shares in an Employee Stock Purchase Plan (footnote F3).
- Withholding method: shares were withheld to satisfy tax liability (footnote F4).
Context
- Restricted stock grants are compensation and typically vest over time; they do not necessarily signal a near-term buy or sell decision. The withheld shares indicate a tax withholding (a common administrative step), not a sale for investment reasons.
- The filing was submitted several days after the transaction date and is marked late; late filings can reduce the timeliness of public disclosure but do not change the economic facts of the grant.