Form 4: Nexstar Media Group Executive Andrew Alford Reports Stock Transactions
SEC Form 4
Andrew Alford, President of Broadcasting at Nexstar Media Group, reported the vesting of restricted stock units and subsequent stock transactions on April 15, 2024.
Summary
- On April 15, 2024, Andrew Alford, President of Broadcasting at Nexstar Media Group, reported transactions involving Nexstar Media Group's common stock.
- Alford vested 1,000 restricted stock units (RSUs) which converted into 1,000 shares of common stock.
- Simultaneously, 244 shares were disposed of at a price of $159.87.
- Following these transactions, Alford directly owns 8,595 shares of Nexstar Media Group common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 04/15/2020 | 4,000 RSUs were awarded. |
| 04/15/2021 | 1,000 RSUs vested. |
| 04/15/2022 | 1,000 RSUs vested. |
| 04/15/2023 | 1,000 RSUs vested. |
| 04/15/2024 | 1,000 RSUs vested; 244 shares disposed of. |
| 04/16/2024 | Date of Form 4 filing. |
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