NXST.NASDAQNexstar Media Group, INC

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

Sentiment:

SEC Form 4 Filing

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EVP and Chief Technology Officer of Nexstar Media Group, Brett Jenkins, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

  • On April 10, 2024, Brett Jenkins, EVP and Chief Technology Officer of Nexstar Media Group, had 2,500 restricted stock units (RSUs) vest.
  • These RSUs converted into 2,500 shares of common stock.
  • Jenkins also disposed of 759 shares of common stock to satisfy tax withholding obligations related to the vesting of the RSUs.
  • The sale price for the shares was $162.95.
  • Following these transactions, Jenkins directly owns 27,245 shares of Nexstar Media Group common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders as they represent a small percentage of the total outstanding shares.

Key Dates

DateDescription
04/10/202010,000 RSUs were awarded.
04/10/20212,500 RSUs vested.
04/10/20222,500 RSUs vested.
04/10/20232,500 RSUs vested.
04/10/20242,500 RSUs vested; 759 shares disposed of for tax obligations.
04/12/2024Date of Form 4 filing.

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