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.
- Accepted by SEC: 06 Mar 2023, 15:32.
Power David D. Smith - 02 Mar 2023 Form 4 Insider Report for SINCLAIR BROADCAST GROUP INC
- Reporting relationship
- Executive Chairman, Director, 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 02 Mar 2023
- Net transaction value
- -$1,035,335
- SEC form
- 4
- Accepted by SEC
- 06 Mar 2023, 15:32:26 UTC
- Prior SEC filing
- 28 Feb 2023
- Next SEC filing
- 09 Jan 2024
- Source filing
- View source filing
- Reporting owner signature
- Clinton R. Black, V, Esq., on behalf of David D. Smith, by Power of Attorney
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Power David D. Smith filed Form 4 for SINCLAIR BROADCAST GROUP INC on 06 Mar 2023.
Change
- Previous filing in this sequence was filed on 28 Feb 2023.
- Current net transaction value: -$1,035,335.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SBGI
transaction
Class A Common Stock
Award
- Transaction value
- Shares
- +134,221
- Change %
- +43%
- Price
- Shares after
- 446,072
- Date
- 02 Mar 2023
- Ownership
- Direct
- Footnotes
- F1, F2, F3
SBGI
transaction
Class A Common Stock
Tax liability
- Transaction value
- $1,035,335
- Shares
- -64,830
- Change %
- -15%
- Price
- $15.97
- Shares after
- 381,242
- Date
- 02 Mar 2023
- Ownership
- Direct
- Footnotes
- F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SBGI
transaction
Derivative
Stock Appreciation Rights
Award
- Transaction value
- $0
- Shares
- +413,337
- Change %
- +125%
- Price
- $0.000000
- Shares after
- 743,733
- Date
- 02 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 413,337
- Exercise price
- Footnotes
- F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Common Stock issued as Restricted Stock which vests 50% on March 2, 2024 and 50% on March 2, 2025.
Footnote F2
N/A
Footnote F3
Common Stock issued as Restricted Stock. The Reporting Person also directly owns (i) 607,154 shares of Class A Common Stock (ii) 911,072 shares of Class B Common Stock, and (iii) 15,697.415415 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 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) 6,000,000 shares of Class B Common Stock held by trusts f/b/o family members, (iv) 162,553 shares of Class A Common Stock held by a limited liability company controlled by the Reporting Person, and (v) 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.
Footnote F4
Designates withholding of shares to satisfy the Reporting Person's tax liability
Footnote 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.