Brett Jenkins, serving as Executive Vice President and Chief Technology & Digital Officer at NEXSTAR MEDIA GROUP, INC. (NASDAQ:NXST), has executed a sale of company shares, as documented in a Form 4 filing submitted to the Securities and Exchange Commission. The transaction involves the disposal of 397 shares of Nexstar's common stock on June 4, 2026. The shares were liquidated at a price of $182.4153 per unit, resulting in a total transaction value of approximately $72,418. The primary purpose of this sale was to cover tax withholding obligations linked to the settlement of restricted stock units (RSUs) that vested on June 3, 2026.
The execution price of $182.4153 closely mirrors Nexstar's current trading level of $182.02. Market data indicates that the stock has generated a 14.5% return over the trailing twelve-month period. However, the share price has declined by 8.8% year-to-date. According to InvestingPro analysis, the stock appears overvalued at its current valuation, trading at a P/E ratio of 37.78. Investors seeking deeper insights into Nexstar's valuation and financial health can access the comprehensive Pro Research Report, which is available for this equity and over 1,400 other US equities.
Preceding the sale, on June 3, 2026, Mr. Jenkins acquired 1,313 shares of common stock at a price of $0 per share. These shares were obtained through the conversion of time-based restricted stock units. Each RSU converts into one share of Nexstar's Common Stock upon vesting. A total of 5,250 RSUs were awarded on June 3, 2022, with portions vesting annually. The 1,313 RSUs that vested on June 3, 2026, represent a portion of this original award. Following these transactions, Brett Jenkins directly holds 27,977 shares of NEXSTAR MEDIA GROUP, INC. common stock.
In other recent news, Nexstar Media Group Inc. reported strong financial results for the first quarter of 2026, surpassing Wall Street expectations. The company achieved an earnings per share of $5.09, exceeding the anticipated $4.45, and generated revenue of $1.4 billion, outpacing the forecasted $1.26 billion. This performance was attributed to strategic growth and the successful integration of Tegna operations. Additionally, Nexstar announced the promotion of four executives across key departments, including government relations, human resources, and legal. Elizabeth Ryder was named Executive Vice President, General Counsel, and Secretary to the Board of Directors, a role she previously held from 2017 to 2022. Meanwhile, TEGNA Inc. appointed Patrick Paolini as Chief Executive Officer, effective June 1. Paolini will manage daily operations and growth initiatives, reporting directly to the Board of Directors. He joins TEGNA from FOX Television Stations, where he served as Executive Vice President of Advertising Sales.
Nexstar stock data shows a closing price of 182.02 USD with a change of +1.01 (+0.56%) at 15:59:59. After hours trading shows a price of 182.02 with a change of 0.00 (0.00%) at 16:10:04. The stock is included in AI-picked strategies and can be analyzed for fair value using industry valuation models.