Form 4: Nexstar Media Group Director Exercises Stock Options, Disposes of Shares
SEC Form 4 Filing
Director Martin Pompadur, through IMP Media Management, LLC, exercised restricted stock units and disposed of 750 shares of Nexstar Media Group (NXST) common stock on June 9, 2024.
Summary
- On June 9, 2024, Martin Pompadur, a director of Nexstar Media Group, Inc. (NXST), exercised 750 restricted stock units (RSUs) that converted into common stock.
- The RSUs were awarded on June 14, 2023, and fully vested on June 9, 2024.
- Following the conversion, Mr. Pompadur disposed of 750 shares at a price of $153.82 per share.
- After the transaction, Mr. Pompadur beneficially owns 17,500 shares of Nexstar Media Group common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It's a standard practice for publicly traded companies and their executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 06/14/2023 | 750 RSUs were awarded to Martin Pompadur. |
| 06/09/2024 | RSUs fully vested and were converted into common stock; 750 shares were disposed of. |
| 06/11/2024 | Date of signature on the Form 4 filing. |
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