leadership
confidence high
sentiment neutral
materiality 0.55
Sinclair amends COO Weisbord's employment; base salary to $1.5M, longevity bonuses up to $5M
Sinclair, Inc.
- Base salary set at $1,433,250 retroactive to Jan 1, 2023, rising to $1,504,913 on Jan 1, 2024.
- Quarterly cash bonus up to base salary amount ($1.43M in 2023, $1.50M in 2024).
- Eligible for $400k annual exceeds cash bonus; $500k in stock-settled SARs for each of 2022-2024.
- Restricted stock grants of $1M each for 2023 and 2024; vesting over two years.
- One-time longevity bonuses: $3M guaranteed plus $2M conditional on STG EBITDA growth through Dec 2026.