Form 4: Nexstar Media Group Executive Rachel Morgan Reports Stock Transactions
SEC Form 4 Filing
EVP and General Counsel of Nexstar Media Group, Rachel Morgan, reports the vesting and subsequent disposal of restricted stock units.
Summary
- Rachel Morgan, EVP and General Counsel of Nexstar Media Group, filed a Form 4 detailing changes in beneficial ownership.
- On June 27, 2024, 3,750 restricted stock units (RSUs) vested and were converted into common stock.
- Ms. Morgan disposed of 1,355 shares to cover tax obligations at a price of $159.8 per share.
- Following these transactions, Ms. Morgan directly owns 6,196 shares of Nexstar Media Group common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 06/27/2022 | 7,500 RSUs were awarded. |
| 06/27/2023 | 3,750 RSUs vested. |
| 06/27/2024 | 3,750 RSUs vested; stock transactions occurred. |
| 07/01/2024 | Date of Form 4 filing. |
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