Form 4: Nexstar Media Group Director Reports Stock Unit Transactions

Jay M. Grossman, a director of Nexstar Media Group, reported the acquisition and disposal of restricted stock units (RSUs) on March 20 and March 24, 2025.

Summary

• On March 20, 2025, Jay M. Grossman, a director of Nexstar Media Group, converted 1,560 restricted stock units (RSUs) into common stock.
• These RSUs were awarded on March 20, 2024, and were fully vested on March 20, 2025.
• On March 24, 2025, Grossman was awarded 1,123 RSUs, which will fully vest on March 24, 2026.
• The reporting person directly owns 56,185 shares of common stock following the reported transactions.
• The RSUs have no expiration date, but unvested RSUs are forfeited if the reporting person ceases to be a director for reasons other than a company change of control.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by a company director, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in insider ownership.

Key Dates

Keywords

RSU, Director, Form 4, Nexstar Media Group, Stock Units, Beneficial Ownership