Sinclair Broadcast (SBGI) has provided an update.
David B. Gibber has been promoted to Executive Vice President and Chief Legal Officer at Sinclair, Inc., with an enticing compensation package retroactive to January 1, 2024. Gibber’s package includes a hefty base salary starting at $950,000, potential cash and performance bonuses exceeding $350,000 annually, and significant equity grants that vest over time. Additionally, he’s eligible for a substantial one-time bonus of $2.5 million after a certain period of employment, with provisions for severance benefits and bonuses related to specific corporate events. This strategic move by Sinclair showcases their commitment to retaining top executive talent through competitive remuneration.
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