Form 4: Nexstar Media Group Executive Exercises Stock Options, Sells Shares
SEC Form 4 Filing
Gary Weitman, EVP and Chief Communications Officer of Nexstar Media Group, exercised stock options and sold shares to cover tax obligations.
Summary
- On April 10, 2024, Gary Weitman, EVP and Chief Communications Officer of Nexstar Media Group, exercised restricted stock units (RSUs) that converted into 2,500 shares of common stock.
- He then disposed of 609 shares to satisfy tax obligations related to the vesting of the RSUs.
- The price per share for both the acquisition and disposal was $162.95.
- Following these transactions, Weitman directly owns 9,584 shares of Nexstar Media Group common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider transactions, with no inherent positive or negative implications for the company's overall performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the actions of a key executive at Nexstar Media Group.
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; Weitman exercised RSUs and sold shares. |
| 04/12/2024 | Date of Form 4 signature. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.