Sinclair promotes David Gibber to EVP & Chief Legal Officer; details compensation package

Sinclair, Inc.

Annual base salary of $950k for 2024, rising to $980k for 2025-2026; cash bonuses up to $575k-$675k.
Equity grants: initial $1M restricted stock vesting Jan 2028, plus annual grants of $600k-$800k.
One-time cash bonus of $2.5M if continuously employed through June 2029, payable Jan 2032.
Severance: 12 months' total compensation (base + avg bonus) for termination without cause or after change in control.
Non-competition and confidentiality restrictions included in agreement.

item 5.02 item 9.01

Executive movements

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Role change

David B. Gibber

Executive Vice President and Chief Legal Officer

SBGI · Sinclair, Inc.

Effective: 2024-03-27
Filed: March 29, 2024, 7:59 PM ET

Under the terms of the Agreement, Mr. Gibber was promoted to Executive Vice President and Chief Legal Officer effective as of the date of the Agreement.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David B. Gibber changed role as Executive Vice President and Chief Legal Officer at Sinclair, Inc..

Action: promoted
Role: Executive Vice President and Chief Legal Officer

Exact text from the filing

Under the terms of the Agreement, Mr. Gibber was promoted to Executive Vice President and Chief Legal Officer effective as of the date of the Agreement.

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Sinclair, Inc. filing history →

Source: SEC EDGAR

accession 0001971213-24-000015

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