Form 4: Nexstar Media Group Executive Sean Compton Reports Stock Transactions
SEC Form 4
Sean Compton, President of Networks at Nexstar Media Group, reports the vesting and sale of restricted stock units and common stock transactions.
Summary
- Sean Compton, President, Networks of Nexstar Media Group, reported transactions involving common stock and restricted stock units.
- On May 17, 2024, 1,250 restricted stock units (RSUs) and 1,250 performance-based stock units (PSUs) vested and were converted into common stock.
- These RSUs and PSUs were part of awards granted on May 17, 2021, vesting annually through May 17, 2025.
- The PSUs vested because the Compensation Committee determined that pre-established company performance metrics were satisfied.
- On May 20, 2024, Compton sold 1,123 shares of common stock at a price of $167.4314 per share.
- Following these transactions, Compton directly owns 12,551 shares of Nexstar common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and trading activities.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 05/17/2021 | 5,000 RSUs and 5,000 PSUs were awarded to Sean Compton. |
| 05/17/2024 | 1,250 RSUs and 1,250 PSUs vested. |
| 05/20/2024 | 1,123 shares of common stock were sold. |
| 05/21/2024 | Date of Form 4 signature. |
| 05/17/2025 | Final vesting date for the RSUs and PSUs awarded on May 17, 2021. |
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