Form 4: Nexstar Media Group Executive Sean Compton Reports Stock Transactions
SEC Form 4 Filing
Sean Compton, President of Networks at Nexstar Media Group, reported the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On April 10, 2024, Sean Compton, President of Networks at Nexstar Media Group, had 2,500 restricted stock units (RSUs) vest.
- These RSUs converted into 2,500 shares of common stock.
- Compton also disposed of 815 shares of common stock to satisfy tax withholding obligations at a price of $162.95 per share.
- Following these transactions, Compton directly owns 11,174 shares of Nexstar Media Group common stock.
Sentiment
Score: 5
Explanation: The document reflects standard executive compensation activity, with no particularly positive or negative implications.
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 minor impact on shareholders as they reflect routine executive compensation.
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; 815 shares disposed of for tax obligations. |
| 04/12/2024 | Date of Form 4 signature. |
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