Form 4: Nexstar Media Group Executive Gary Weitman Reports Stock Transactions

Gary Weitman, EVP and Chief Communications 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, Gary Weitman vested 1,750 restricted stock units (RSUs) which converted into shares of Nexstar Media Group 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, Weitman sold 424 shares of common stock at a price of $175.5284 per share.
• The sale was to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Weitman directly owns 5,301 shares of Nexstar Media Group common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It's a neutral reporting of facts.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minimal impact on shareholders, as they represent a small portion of the overall outstanding shares.

Key Dates

Keywords

Nexstar Media Group, NXST, Gary Weitman, Restricted Stock Units, RSU, Form 4, Stock Sale, Vesting, Beneficial Ownership