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STOCK-BASED COMPENSATION PLANS (Tables)
 12 Months Ended
Dec. 31, 2023
STOCK-BASED COMPENSATION PLANS:  
Schedule of Changes in Unvested Restricted Stock
The following is a summary of changes in unvested restricted stock:
 RSAsWeighted-Average Price
Unvested shares at December 31, 2022477,721 $29.53 
2023 Activity:  
Granted1,440,446 15.54 
Vested(985,881)17.12 
Forfeited (a)(13,819)21.03 
Unvested shares at December 31, 2023918,467 $21.04 
 (a) Forfeitures are recognized as they occur.
Schedule of SARS Activity
The following is a summary of the 2023 activity: 
 SARsWeighted-Average Price
Outstanding SARs at December 31, 20223,269,916 $30.16 
2023 Activity:  
Granted1,474,764 15.97 
Outstanding SARs at December 31, 20234,744,680 $25.75 
Schedule of Assumptions Used to Estimate the Value of Stock Options Under ESPP
Valuation of SARS. Our SARs were valued using the Black-Scholes pricing model utilizing the following assumptions:
 202320222021
Risk-free interest rate4.4 %
1.6%
0.6%
Expected years to exercise5 years5 years5 years
Expected volatility52.1 %49.6 %48.2 %
Annual dividend yield6.8 %
3.0%
2.5%
Sinclair Broadcast Group, LLC  
STOCK-BASED COMPENSATION PLANS:  
Schedule of Changes in Unvested Restricted Stock
The following is a summary of changes in unvested restricted stock:
 RSAsWeighted-Average Price
Unvested shares at December 31, 2022477,721 $29.53 
2023 Activity:
Granted1,438,990 15.54 
Vested(985,881)17.12 
Forfeited (a)(12,461)20.43 
Transferred to Ventures(84,211)15.52 
Unvested shares at December 31, 2023834,158 $21.62 
(a) Forfeitures are recognized as they occur.
Schedule of SARS Activity
The following is a summary of the 2023 activity: 
 SARsWeighted-Average Price
Outstanding SARs at December 31, 20223,269,916 $30.16 
2023 Activity:
Granted1,474,764 15.97 
Outstanding SARs at December 31, 20234,744,680 $25.75 
Schedule of Assumptions Used to Estimate the Value of Stock Options Under ESPP
Valuation of SARS. Our SARs were valued using the Black-Scholes pricing model utilizing the following assumptions:
 202320222021
Risk-free interest rate4.4 %1.6 %0.6 %
Expected years to exercise5 years5 years5 years
Expected volatility52.1 %49.6 %48.2 %
Annual dividend yield6.8 %3.0 %2.5 %