Narinder Sahai
SinclairAbout Narinder Sahai
Narinder Sahai, 51, was appointed Executive Vice President and Chief Financial Officer of Sinclair, Inc. (SBGI) effective July 7, 2025. He previously served as CFO of Arcis Golf, CFO and Special Advisor at RumbleOn, Head of Worldwide Go-to-Market Finance for Compute and AI/ML at AWS, SVP/Treasurer/IR at Target Hospitality, with earlier finance leadership at TechnipFMC/FMC Technologies and Delphi; he holds a BE in Electronics & Electrical Communication (valedictorian) from Thapar University, an MBA with High Distinction from Michigan Ross, and is a CFA charterholder . As operating context, SBGI’s 2024 pay-versus-performance disclosure reported TSR of $62 on a $100 initial investment, net income of $319M, and Adjusted EBITDA of $876M .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Arcis Golf | Chief Financial Officer | Jun 2023–Jul 2025 | Led FP&A, accounting, tax, treasury, and debt investor relations |
| RumbleOn (Nasdaq) | Chief Financial Officer; Special Advisor | Feb 2022–Jan 2023; Jan–Apr 2023 | Built FP&A, launched internal audit and SOX programs; executed integration of transformative acquisitions |
| Amazon Web Services (AWS) | Head of Worldwide Go-to-Market Finance – Compute & AI/ML | Aug 2020–Jan 2022 | Financial leadership for specialist sales across global markets |
| Target Hospitality | SVP, Treasurer & Investor Relations | Jan 2019–Jan 2020 | Managed IR and capital markets for public market debut; executed comprehensive debt financings |
| TechnipFMC / FMC Technologies | Finance leadership roles; IR Finance Director | 2009–2018 | Investor relations and finance leadership across energy services |
| Delphi Corporation | Finance roles; Manager, Financial Risk Management | 2003–2009 | Financial risk management and treasury functions |
External Roles
None disclosed (no public-company directorships or committee roles reported) .
Fixed Compensation
| Component | Period | Amount | Details |
|---|---|---|---|
| Base Salary | Year 1 | $700,000 | Annual base salary in first year of employment |
| Base Salary | Year 2 | $750,000 | Annual base salary in second year |
| Base Salary | Year 3 | $800,000 | Annual base salary in third year |
| Signing Bonus | One-time | $105,000 | Paid upon commencement |
| Relocation | Cap | Up to $100,000 | Reimbursement of qualified expenses |
| RSU Grant | Grant-date value | $1,750,000 | RSUs under 2022 SIP; cliff vest on Jul 7, 2028 |
Performance Compensation
Annual Incentive
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Company performance criteria (Comp Committee, CEO consultation) | Not disclosed | Up to 200% of then-current base salary per year (Years 1–3) | Not disclosed | Not disclosed | Cash |
Long-Term Stock-Price Incentive
| Trigger (22-trading-day average closing price) | Bonus Amount | Notes |
|---|---|---|
| ≥ $33 per share | $2,000,000 | Adjusted for certain events; Comp Committee determines value of adjustments |
| ≥ $40 per share | $2,000,000 | Same measurement window and adjustment provisions |
| Every $5 increment thereafter | $2,000,000 per threshold | Same terms; repeats at each $5 hurdle above $40 |
RSU Vesting
| Award Type | Grant Date | Grant Value | Vesting | Plan |
|---|---|---|---|---|
| RSUs | Jul 7, 2025 | $1,750,000 | 100% cliff on Jul 7, 2028 | 2022 Stock Incentive Plan |
Equity Ownership & Alignment
| Category | Details | Status |
|---|---|---|
| Beneficial ownership | Not listed among beneficial owners as of Mar 17, 2025 record date | 2025 proxy ownership table does not include Sahai |
| Shares pledged as collateral | None disclosed | No pledging mentioned in 8-K or proxy references to Sahai |
| Stock ownership guidelines / compliance | Not disclosed | No guideline disclosure specific to Sahai |
| Options/SARs | Not disclosed | 8-K describes RSUs; no options/SARs for Sahai |
Employment Terms
| Term | Provision | Economics |
|---|---|---|
| Effective date | Jul 7, 2025 | Appointment as EVP & CFO |
| Severance (death/disability) | Prorated amounts based on prior year’s annual performance bonus; unused vacation payout | As specified; no base multiple |
| Severance (without Cause / resign for Good Reason) | After Jul 7, 2026: lump sum equal to 12 months’ base salary; prorated annual bonus (based on actual achievement); unused vacation | Release required; applies also for terminations other than Cause within 12 months before or after a Change in Control |
| Change-in-control window | 12 months prior to or following a Change in Control | Same severance terms as above (after Jul 7, 2026) |
| Non-compete / non-solicit / confidentiality | Included in agreement | Covenants enforceable per Agreement |
| Adjustments to comp | Determined by Comp Committee after consultation with CEO | Future changes at Committee discretion |
Performance & Track Record
- Built FP&A, launched internal audit and SOX compliance programs, and executed integration of transformative acquisitions at RumbleOn .
- Led global go-to-market finance for Compute and AI/ML specialist sales at AWS .
- Managed investor relations and capital markets for Target Hospitality’s public market debut; executed comprehensive debt financings .
- Broad capital markets, IR, and finance leadership experience across energy services and automotive supply chains (TechnipFMC/FMC; Delphi) .
Investment Implications
- High at-risk pay design (up to 200% annual bonus plus $2M per stock-price threshold) ties compensation to both operational outcomes and market value creation, signaling alignment with shareholders but introducing payout variability based on equity performance .
- Three-year cliff RSU grant ($1.75M) creates meaningful retention through July 2028; combined with post-July 2026 severance terms (12 months’ base plus prorated bonus), near-term insider selling pressure is likely limited absent separate time-vested awards or Form 4 activity .
- Lack of disclosed personal ownership/pledging reduces immediate alignment insights; monitor upcoming proxy and Form 4 filings for ownership build, guideline compliance, and any hedging/pledging activity .
- Prior track record in SOX/internal audit, IR, capital markets, and AI/ML finance should support SBGI’s forecast discipline and investor communications; execution risk centers on CFO transition from a long-tenured predecessor, integrating Sinclair’s complex media assets, and delivering Adjusted EBITDA-focused outcomes that historically underpin incentive frameworks .