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

Role
COO & President of Broadcast
Signature
Clinton R. Black, V, Esq., on behalf of Robert Weisbord, by Power of Attorney
Stock symbol
SBGI
Transactions as of
Mar 2, 2023
Transactions value $
-$393,501
Form type
4
Date filed
3/6/2023, 01:58 PM
Previous filing
Mar 24, 2022
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBGI Class A Common Stock Award +62.6K +116.76% 116K Mar 2, 2023 Direct F1, F2, F3
transaction SBGI Class A Common Stock Tax liability -$394K -24.6K -21.2% $15.97* 91.6K Mar 2, 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 +93.9K +62.62% $0.00 244K Mar 2, 2023 Class A Common Stock 93.9K 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 3,672 shares of Class A Common Stock, 3,906.441541 shares of Class A Common Stock held in a 401(k) unitized stock fund, and 10,245.88 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.