Nexstar officer Andy Alford proposes $468K share sale
The listed acquisition records show restricted-stock vesting of 1,662 shares on May 17, 2025, and 1,161 shares on March 24, 2026.
Rhea-AI Filing Summary
NEXSTAR MEDIA GROUP, INC. (NXST) Officer Andy Alford reported a proposed sale of 2,823 common shares, with an approximate sale date of September 23, 2026 and an aggregate market value of $467,742.87. Fidelity Brokerage Services LLC is listed as the broker.
Positive
- None.
Negative
- None.
Key Figures
Common shares proposed for sale: 2,823 shares
Aggregate market value: $467,742.87
Common shares outstanding: 30,808,301 shares
+2 more
5 metrics
Common shares proposed for sale
2,823 shares
Approximate sale date: September 23, 2026
Aggregate market value
$467,742.87
Proposed sale
Common shares outstanding
30,808,301 shares
Reported in the notice
Shares acquired through restricted stock vesting
1,662 shares
May 17, 2025
Shares acquired through restricted stock vesting
1,161 shares
March 24, 2026
Key Terms
Rule 144, Restricted Stock Vesting, attorney-in-fact
3 terms
Rule 144 regulatory
"definition of "person" in paragraph (a) of Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Vesting financial
"05/17/2025 | Restricted Stock Vesting"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as attorney-in-fact for Andy Alford"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
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