Form 4: Nexstar Media Group Executive Blake Russell Reports Stock Transactions
SEC Form 4 Filing
Blake Russell, EVP of Station Operations at Nexstar Media Group, reported the vesting of restricted stock units and subsequent stock transactions on April 10, 2024.
Summary
- On April 10, 2024, Blake Russell, EVP of Station Operations at Nexstar Media Group, vested 2,500 restricted stock units (RSUs) which converted into 2,500 shares of common stock.
- Following the vesting, Russell disposed of 609 shares to cover tax obligations at a price of $162.95 per share.
- After these transactions, Russell directly owns 24,220 shares of Nexstar Media Group common stock.
- Russell also holds 0 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine transaction related to executive compensation.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard executive compensation activity.
Key Dates
| Date | Description |
|---|---|
| 04/10/2020 | 10,000 RSUs were awarded. |
| 04/10/2021 | 2,500 RSUs vested. |
| 04/10/2022 | 2,500 RSUs vested. |
| 04/10/2023 | 2,500 RSUs vested. |
| 04/10/2024 | 2,500 RSUs vested; 2,500 shares acquired; 609 shares disposed of for tax obligations. |
| 04/12/2024 | Date of Form 4 signature. |
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