Form 4: Nexstar Media Group Executive Brett Jenkins Reports Stock Transactions
SEC Form 4 Filing
Brett Jenkins, EVP, Chief Technology & Digital Officer of Nexstar Media Group, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On May 17, 2025, Brett Jenkins vested 1,750 restricted stock units (RSUs) which converted into 1,750 shares of Nexstar Media Group's common stock.
- These RSUs were part of an award of 7,000 RSUs granted on May 17, 2021, vesting in four equal installments on each anniversary.
- On May 20, 2025, Jenkins sold 528 shares of common stock at a price of $175.5284 per share.
- This sale was to cover tax withholding obligations related to the RSU vesting.
- Following these transactions, Jenkins directly owns 22,977 shares of Nexstar Media Group common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the buying and selling activities of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related sales.
Key Dates
| Date | Description |
|---|---|
| 05/17/2021 | 7,000 RSUs were awarded. |
| 05/17/2025 | 1,750 RSUs vested. |
| 05/20/2025 | 528 shares were sold to cover tax obligations. |
Keywords
Nexstar Media Group, Brett Jenkins, Form 4, Stock, RSU, Vesting, Tax Obligations, NXST
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