Key facts
- This page summarizes Power David D. Smith's Form 4 filing for SINCLAIR BROADCAST GROUP INC.
- 3 reported transactions and 1 derivative row are listed below.
- Filing timestamp: 02 Feb 2022, 14:51.
Power David D. Smith - 31 Jan 2022 Form 4 Insider Report for SINCLAIR BROADCAST GROUP INC
- Signature
- Clinton R. Black, V, Esq., on behalf of David D. Smith, by Power of Attorney
- Issuer symbol
- N/A
- Transactions as of
- 31 Jan 2022
- Net transactions value
- -$1,260,977
- Form type
- 4
- Filing time
- 02 Feb 2022, 14:51:47 UTC
- Previous filing
- 11 Jul 2023
- Next filing
- 04 Mar 2022
- SEC
- View on sec.gov
Key filing fact
Power David D. Smith filed Form 4 for SINCLAIR BROADCAST GROUP INC on 02 Feb 2022.
Change
- Previous filing in this sequence was filed on 11 Jul 2023.
- Current net transaction value: -$1,260,977.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
SBGI
transaction
Class A Common Stock
Award
- Transaction value
- Shares
- +110,132
- Change %
- +44%
- Price
- Shares after
- 359,453
- Date
- 31 Jan 2022
- Ownership
- Direct
- Footnotes
- F1, F2, F3
SBGI
transaction
Class A Common Stock
Tax liability
- Transaction value
- $1,260,977
- Shares
- -47,602
- Change %
- -13%
- Price
- $26.49
- Shares after
- 311,851
- Date
- 31 Jan 2022
- Ownership
- Direct
- Footnotes
- F3, F4
Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)
SBGI
transaction
Derivative
Stock Appreciation Rights
Award
- Transaction value
- $0
- Shares
- +330,396
- Change %
- Price
- $0.000000
- Shares after
- 330,396
- Date
- 31 Jan 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 330,396
- Exercise price
- Footnotes
- F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | Common Stock issued as Restricted Stock, which vests 50% on January 31, 2023 and January 31, 2024. |
| F2 | N/A |
| F3 | Common Stock issued as Restricted Stock. Reporting Person also directly owns (i)607,154 shares of Class A Common Stock, (ii) 6,911,072.227 shares of Class B Common Stock and (iii) 13,600.617682 shares of Class A Common Stock held in a 401(k) unitized stock fund. The Reporting Person indirectly owns (i) 28,160 shares of Class A Common Stock held in separate custodial accounts established by the Reporting Person for the benefit of family members of which the Reporting Person is the custodian, (ii) 338,400 shares of Class A Common Stock held by trusts f/b/o family members of which the Reporting Person is a trustee, (iii) 162,553 shares of Class A Common Stock held by a limited liability company controlled by the Reporting Person, and (iv) 803,178 shares of Class A Common Stock held f/b/o David D. Smith Family Foundation, Inc., which the Reporting Person controls, but does not derive any benefit. |
| F4 | Designates withholding of shares to satisfy the Reporting Person's tax liability |
| F5 | 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. |