Director Jay M. Grossman sells 10,000 NXST shares at $170.70; retains 54,625 shares post-sale.
Grossman sold 10,000 shares representing a -15.5% reduction in his holdings, raising $1,707,000.00 at $170.70 per share. The transaction price was $170.70, which lies within the 52-week range of $133.75–$184.79 and compares to a current price of $167.92, placing the sale near the upper half of recent trading levels. NXST trades at a P/E of 12.54 with an annual revenue decline of -5.3% and recent quarterly net income of $118,000,000.00 on $1,269,000,000.00 in revenue. The sale represents a material reduction in insider equity stake but leaves Grossman with 54,625 shares, indicating continued ownership alignment. The transaction warrants investor attention as a data point in assessing director confidence and capital allocation amid revenue headwinds, though the magnitude and retention level do not suggest distress or complete conviction reversal.