Andrew Alford, President of Broadcasting at Nexstar Media Group Inc. (NASDAQ:NXST), executed a sale of company shares on June 4, 2026, totaling $67,128. The transaction involved the disposition of 368 shares at a price of $182.4153 per share. According to Securities and Exchange Commission (SEC) filings, the sale was conducted to cover tax withholding obligations in connection with the settlement of Restricted Stock Units (RSUs) that vested on June 3, 2026.
This activity follows a concurrent acquisition of 938 shares on June 3, 2026, obtained through the conversion of time-based RSUs. Each RSU is converted into one share of Nexstar’s Common Stock upon vesting, subject to Mr. Alford’s continued service. These specific RSUs were part of an award of 3,750 units granted on June 3, 2022, with 938 units vesting on June 3, 2026. Following these reported transactions, Andrew Alford directly holds 12,259 shares of Nexstar Media Group common stock.
The transaction occurs as Nexstar shares trade at $182.02, down roughly 9% year-to-date. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value. The company maintains a market capitalization of $5.55 billion and offers investors a dividend yield of 4.09%. For deeper insights into Nexstar’s valuation and 8+ additional InvestingPro Tips, including comprehensive Pro Research Reports, visit the platform.
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, which was above the anticipated $4.45. Nexstar’s revenue reached $1.4 billion, exceeding the forecast of $1.26 billion, driven by strategic growth and the successful integration of Tegna operations.
Additionally, Nexstar announced the promotion of four executives across its government relations, human resources, and legal departments. Elizabeth Ryder was appointed Executive Vice President, General Counsel, and Secretary to the company’s Board of Directors. Meanwhile, TEGNA Inc. named Patrick Paolini as its new Chief Executive Officer, effective June 1. Paolini will be responsible for overseeing daily operations, business strategies, and growth initiatives, reporting to the company’s Board of Directors. These developments highlight significant leadership changes and financial achievements within both companies.
NexstarFollowAnalyze NXSTIncluded in our AI-picked strategies·Review strategies182.02▲+1.01(+0.56%)Closed·15:59:59·USD182.020.00(0.00%)After Hours·16:10:041D1W1M6M1Y5YMaxCreated with Highcharts 11.4.813:3014:3015:0015:3016:0017:0017:3018:0018:3019:0019:30179180181182Analyze NXSTThis article was generated with the support of AI and reviewed by an editor. For more information see our T&C.Is NXST a bargain right now?The fastest way to find out is with our Fair Value calculator. We use a mix of 17 proven industry valuation models for maximum accuracy. Get the bottom line for NXST plus thousands of other stocks and find your next hidden gem with massive upside.See Undervalued Stocks