Form 4: Nexstar Media Group Executive Dana Zimmer Reports Stock Transactions

Dana Zimmer, a Nexstar Media Group executive, reports the vesting and sale of restricted stock units and performance stock units.

Summary

• Dana Zimmer, President, Distribution & Strategy at Nexstar Media Group, reported transactions involving Nexstar's common stock.
• On May 17, 2025, 1,250 restricted stock units (RSUs) and 1,250 performance stock units (PSUs) vested.
• These RSUs and PSUs were part of awards granted on May 17, 2021, vesting annually.
• The vesting of the PSUs was contingent upon the achievement of pre-established company performance metrics, which were determined to be satisfied by the Compensation Committee.
• On May 20, 2025, Zimmer sold 1,151 shares at a price of $175.5284 to cover tax withholding obligations related to the vesting of the RSUs and PSUs.
• Following these transactions, Zimmer directly owns 3,141 shares of Nexstar common stock.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. 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 stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding shares of Nexstar.

Key Dates

Keywords

Nexstar Media Group, Dana Zimmer, Form 4, Stock Transaction, Restricted Stock Units, Performance Stock Units, Vesting, Sale of Shares, Insider Trading