Form 4: Nexstar Media Group Director Jay M. Grossman Reports Stock Transaction
SEC Form 4 Filing
Director Jay M. Grossman reported a transaction involving Nexstar Media Group, Inc. common stock on June 9, 2024.
Summary
- On June 9, 2024, Jay M. Grossman, a director of Nexstar Media Group, Inc., reported a transaction involving the company's common stock.
- The transaction involved the conversion of 750 restricted stock units (RSUs) into 750 shares of common stock at a price of $153.82 per share.
- Following the reported transaction, Grossman beneficially owns 64,625 shares of Nexstar Media Group, Inc. common stock directly.
- The RSUs were awarded on June 14, 2023, and fully vested on June 9, 2024.
- The RSUs have no expiration date, but unvested portions are forfeited upon termination of employment for reasons other than a company change of control.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| June 14, 2023 | 750 RSUs were awarded to Jay M. Grossman. |
| June 9, 2024 | RSUs fully vested and were converted into common stock. |
| June 11, 2024 | Date of signature for the Form 4 filing. |
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