Form 4: Nexstar Media Group Director John R. Muse Reports Stock Transaction
SEC Form 4 Filing
Director John R. Muse reports the vesting and conversion of restricted stock units into Nexstar Media Group common stock.
Summary
- On June 9, 2024, John R. Muse, a director of Nexstar Media Group, Inc., reported a transaction involving restricted stock units (RSUs).
- 750 RSUs were converted into 750 shares of Nexstar's common stock at a price of $153.82 per share.
- These RSUs were awarded on June 14, 2023, and fully vested on June 9, 2024.
- Following the reported transaction, Muse directly owns 28,363 shares of Nexstar common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a standard transaction. It doesn't indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company directors. It is a standard practice for publicly traded companies and their executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it increases the number of outstanding shares by 750.
Key Dates
| Date | Description |
|---|---|
| June 14, 2023 | 750 RSUs were awarded to John R. Muse. |
| June 9, 2024 | 750 RSUs fully vested and were converted into common stock. |
| June 11, 2024 | Date of the report filing. |
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