NXST.NASDAQNexstar Media Group, INC

Form 4: Nexstar Media Group Executive Brett Jenkins Reports Stock Transactions

Sentiment:

SEC Form 4

📋All filings for Nexstar Media Group, INC
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Brett Jenkins, EVP, Chief Technology & Digital Officer of Nexstar Media Group, reported the vesting of restricted stock units and the sale of common stock.

Summary

  • On May 17, 2024, Brett Jenkins, EVP, Chief Technology & Digital Officer of Nexstar Media Group, had 1,750 restricted stock units (RSUs) vest, which converted into 1,750 shares of Nexstar's common stock at a price of $169.56.
  • Following this transaction, Mr. Jenkins directly held 28,995 shares of common stock.
  • On May 20, 2024, Mr. Jenkins sold 538 shares of common stock at a price of $167.4314.
  • Following this transaction, Mr. Jenkins directly held 28,457 shares of common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's future prospects.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in ownership, but the amounts are relatively small.

Key Dates

DateDescription
05/17/20217,000 RSUs were awarded, vesting in increments of 1,750 annually through May 17, 2025.
05/17/20241,750 Restricted Stock Units vested and converted into common stock at $169.56.
05/20/2024538 shares of common stock were sold at $167.4314.
05/21/2024Date of signature of the Form 4 filing.
05/17/2025Final vesting date for the 7,000 RSUs awarded on May 17, 2021.

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