Justin Bray - Mar 2, 2023 Form 4 Insider Report for SINCLAIR BROADCAST GROUP INC (SBGI)

Role
SVP & Treasurer
Signature
Clinton R. Black, V, Esq., on behalf of Justin Bray, by Power of Attorney
Stock symbol
SBGI
Transactions as of
Mar 2, 2023
Transactions value $
$0
Form type
4
Date filed
3/6/2023, 08:11 AM
Previous filing
Feb 22, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBGI Class A Common Stock Award +8.77K +95.64% 17.9K Mar 2, 2023 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SBGI Stock Appreciation Rights Award $0 +18.8K +61.01% $0.00 49.6K Mar 2, 2023 Class A Common Stock 18.8K Direct F4, 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 March 2, 2024 and 50% on March 2, 2025.
F2 N/A
F3 Common Stock issued as Restricted Stock. Reporting Person also owns 1,079 shares of Class A Common Stock, 3,174.845199 shares of Class A Common Stock held in a 401(k) unitized stock fund, and 3,822.19 shares of Class A Common Stock held in an Employee Stock Purchase Plan.
F4 The Stock Appreciation Right is exercisable at the price equal in value to the difference between the stock appreciation right's base value of $15.97 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.
F5 Stock Appreciation Right shall vest 50% on March 2, 2024 and 50% on March 2, 2025.