Form 4: Nexstar Media Group Director Charles Thomas McMillen Reports Stock Transaction

Director Charles Thomas McMillen reports a transaction involving Nexstar Media Group's common stock and restricted stock units.

Summary

• On April 10, 2024, Charles Thomas McMillen, a director of Nexstar Media Group, executed a transaction involving the company's securities.
• McMillen converted 625 restricted stock units (RSUs) into 625 shares of common stock at a price of $162.95 per share.
• Following the transaction, McMillen directly owns 5,150 shares of Nexstar Media Group's common stock.
• The reported transaction involved time-based RSUs awarded on April 10, 2020, which vested in four equal installments from April 10, 2021, to April 10, 2024.
• Unvested RSUs are forfeited if employment terminates for reasons other than a company change of control.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when a company insider, such as a director, engages in a transaction involving the company's securities. It provides transparency to the market regarding insider activity.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates