Power Lucy Rutishauser - 02 Mar 2023 Form 4 Insider Report for SINCLAIR BROADCAST GROUP INC

Role
SVP & CFO
Signature
Clinton R. Black, V, Esq., on behalf of Lucy Rutishauser, by Power of Attorney
Issuer symbol
N/A
Transactions as of
02 Mar 2023
Net transactions value
-$313,970
Form type
4
Filing time
06 Mar 2023, 12:14:17 UTC
Previous filing
08 Feb 2022
Next filing
12 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBGI Class A Common Stock Award +40,701 +74% 95,760 02 Mar 2023 Direct F1, F2, F3
transaction SBGI Class A Common Stock Tax liability $313,970 -19,660 -21% $15.97 76,100 02 Mar 2023 Direct F3, F4

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 +206,637 +75% $0.000000 483,768 02 Mar 2023 Class A Common Stock 206,637 Direct F5, F6
* 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. The Reporting Person also owns 8,402.390594 shares of Class A Common Stock held in a 401(k) unitized stock fund and 6,061.63 shares of Class A Common Stock held in an Employee Stock Purchase Plan.
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 $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.
F6 Stock Appreciation Right shall vest 50% on March 2, 2024 and 50% on March 2, 2025.