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Sinclair Broadcast (SBGI) has shared an announcement.
David B. Gibber has been appointed as Executive Vice President and Chief Legal Officer at Sinclair, Inc., with a generous compensation package that includes a rising annual salary starting at $950,000, significant annual and quarterly bonuses tied to performance criteria, and robust equity grants vesting over several years. Additionally, Gibber is eligible for a one-time $2.5 million bonus and comprehensive severance benefits, alongside potential discretionary bonuses linked to acquisitions by Sinclair Ventures, LLC. His agreement also mandates non-compete and confidentiality clauses, securing his commitment to the company.
See more insights into SBGI stock on TipRanks’ Stock Analysis page.