Sinclair (SBGI) COO exercises options and surrenders shares to issuer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sinclair, Inc. executive Robert Weisbord, COO & President of Local Media, exercised stock options to acquire a total of 169,057 shares of Class A Common Stock on February 27, 2026, at exercise prices of $15.97 and $13.31 per share. On the same date, 153,468 shares were disposed of to the issuer and for tax withholding at prices reported around $16.29 per share, reflecting option exercise costs and tax obligations rather than open-market sales. Following these transactions, he directly holds 299,316 Class A shares, of which 294,525 are restricted stock, plus additional shares held in a 401(k) unitized stock fund and an employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
169,057 shares exercised/converted
Mixed
8 txns
Insider
Weisbord Robert
Role
COO & President of Local Media
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class A Common Stock | 93,926 | $0.00 | -- |
| Exercise | Class A Common Stock | 75,131 | $0.00 | -- |
| Exercise | Class A Common Stock | 93,926 | $15.97 | $1.50M |
| Disposition | Class A Common Stock | 92,081 | $16.29 | $1.50M |
| Tax Withholding | Class A Common Stock | 726 | $16.29 | $12K |
| Exercise | Class A Common Stock | 75,131 | $13.31 | $1000K |
| Disposition | Class A Common Stock | 61,387 | $16.29 | $1000K |
| Tax Withholding | Class A Common Stock | 5,408 | $16.29 | $88K |
Holdings After Transaction:
Class A Common Stock — 300,263 shares (Direct)
Footnotes (1)
- Designates exercise of derivitive security. Class A Common Stock, of which 294,525 shares are issued as Restricted Stock. The Reporting Person also owns 7,942.1457 shares of Class A Common Stock held in a 401 (k) unitized stock fund and 14,803.1 shares of Class A Common Stock held in an Employee Stock Purchase Plan. Designates withholding of shares to satisfy the Reporting Person's tax liability.
FAQ
What did Sinclair (SBGI) executive Robert Weisbord report in this Form 4?
Robert Weisbord reported options exercises and related share dispositions. He exercised 169,057 options for Sinclair Class A stock, then delivered 153,468 shares back to the issuer and for taxes, and ended with 299,316 directly held shares plus additional plan holdings.
Were Robert Weisbord’s Sinclair (SBGI) transactions open-market buys or sales?
The filing characterizes his activity as option exercises and related disposals to the issuer and for taxes. Codes M, D, and F indicate derivative exercises, issuer dispositions, and tax-withholding deliveries, rather than open-market purchases or sales with third-party counterparties.
What do the tax-withholding entries mean in Robert Weisbord’s Sinclair (SBGI) Form 4?
Tax-withholding entries, coded F, show Sinclair retaining shares to satisfy Weisbord’s tax obligations. Instead of paying cash taxes after his options vested or were exercised, a total of 6,134 shares were delivered to the issuer at reported prices to cover those liabilities.