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EdgarHawk

SOOK PERRY A

Chief Executive Officer

Director Officer
6 filings analyzed · 1 company · Latest 2025-03-05

Companies

Company Buys Sells Direction
NEXSTAR MEDIA GROUP, INC. NXST 0 14 Net selling

Activity

March 2025
medium
Sell
64,920 shares
$11,013,654
Significance 6/10

CEO Sook Perry A sold 64,920 shares at $169.65 avg for $11.0M, reducing holdings by 7.7%

Sook Perry A, CEO of Nexstar Media Group, executed 2 separate sales totaling 64,920 shares for $11,013,654.06 on 2025-03-04 and 2025-03-05, with a blended average price of $169.65 per share. The sales reduced his holdings from 838,115 shares to 773,195 shares, a decline of 7.7% of his pre-transaction position. At the same-ticker level, 4 of his 5 most recent prior NXST sales all occurred in December 2024 and show negative 30-day returns (-1.5% to -6.8%), with the one measurable 90-day outcome (the 2024-11-22 sale) showing a -9.1% return, indicating that sale was well-timed in hindsight. His cross-ticker track record across all open-market sales shows a 66.67% well-timed rate at the 90-day mark and an average 90-day return of -8.5%, suggesting consistent downside capture when he sells. The stock is currently trading at $169.63, near the blended transaction price, and remains 10.0% below its 52-week high, despite a recent 11.4% gain over 30 days.

December 2024
medium
Sell
52,808 shares
$8,454,759
Significance 5/10

NXST CEO Sook Perry A sold 52,808 shares in 2 transactions for $8,454,758.88 at blended $160.10

Chief Executive Officer Sook Perry A executed two separate sales totaling 52,808 shares for $8,454,758.88 on December 24 and December 26, 2024, reducing holdings by 7.3% to 674,694 shares. The transaction prices of $160.02 and $160.14 exceeded the current price of $159.14, but the stock is down 7.0% over the past 30 days and 15.6% from its 52-week high of $188.50. At this same ticker, Perry's prior five trades have yielded mixed results: recent November and December 2024 sells show negative 30-day returns (-6.8% and -10.6%), while his March 2024 sale was followed by a +2.8% 90-day gain. NXST trades at a low P/E of 8.31 with annual revenue declining 5.3% year-over-year, signaling operational headwinds that may have prompted the CEO's liquidation despite the stock trading near recent lows.

medium
Sell
52,808 shares
$8,312,275
Significance 5/10

CEO Sook Perry A sold 52,808 shares of NXST at $157.41 on 2024-12-23 for $8,312,274.92; fourth consecutive sale in six weeks.

CEO Sook Perry A executed the fourth open-market sale at Nexstar Media in six weeks (December 17, November 22, November 7, and March 5), reducing his holdings from 727,502 to 674,694 shares. The sale on 2024-12-23 occurred at $157.41, which is -16.1% from the 52-week high of $188.50 and follows a 30-day decline of -6.8%. His cross-ticker timing record shows 0 of 4 prior sells were well-timed at the 90-day mark, and his same-ticker sells exhibit mixed outcomes: the March 5, 2024 sale gained 2.8% over 90 days, while more recent sales (November 7 and November 22) show 90-day periods not yet concluded. The company operates at a tight valuation (P/E of 8.26) against a -5.3% annual revenue decline and $1.4B quarterly revenue, creating a backdrop where the CEO's repeated near-term divestiture activity warrants closer inspection of his conviction around current execution and forward guidance.

medium
Sell
35,205 shares
$5,707,949
Significance 5/10

CEO Sook Perry A sold 35,205 shares of NXST at $162.13 on 2024-12-17 for $5.7M; holds 674,694 shares post-transaction.

CEO Sook Perry A sold 35,205 shares at $162.13, reducing holdings by 5.0% to 674,694 shares. The sale occurred at a price 2.0% above the current trading level of $158.98 and within the 52-week range but 15.7% below the 52-week high of $188.50. His cross-ticker track record shows 3 prior open-market sells with a 0.00% 90-day well-timed rate, indicating prior sales have not preceded declines; at NXST specifically, one measurable prior sale on 2024-03-05 posted a 90-day return of 2.8%, also not well-timed. The company trades at a P/E of 8.30 and reported annual revenue decline of 5.3% alongside $187M net income on $1.4B quarterly revenue, a profile of modest profitability amid headwind trends.

November 2024
medium
Sell
46,940 shares
$7,979,800
Significance 4/10

CEO Sook Perry A sold 46,940 shares of NXST at $170.00 for $7,979,800.00; retains 674,694 shares.

Sook Perry A sold 46,940 shares (-6.5% of prior holdings) at $170.00 on 2024-11-22, a discretionary open-market transaction occurring when the stock trades -9.7% from its 52-week high of $188.50. This marks the CEO's third open-market sale of NXST in less than a year: a prior sale on 2024-11-07 occurred just 15 days earlier. Across his cross-ticker history, his prior 2 sales averaged a 90-day return of +2.8%, indicating those sales were poorly timed (stock rose after), with a well-timed rate of 0.00%; at NXST specifically, his 2024-03-05 sale saw the stock climb +2.8% over 90 days. The company trades at a P/E of 8.89 against a -5.3% annual revenue decline, and the insider maintains substantial remaining exposure (674,694 shares post-sale). The consecutive sales in November, the modest P/E valuation, and the pattern of prior poorly-timed exits merit monitoring for changes in executive conviction.

medium
Sell
12,239 shares
$2,328,879
Significance 5/10

CEO Sook Perry A sold 12,239 shares of NXST at $190.28 on 2024-11-07, retaining 674,694 shares; stock down 10.8% from 52-week high at current $168.18.

CEO Sook Perry A sold 12,239 shares for $2,328,878.53, reducing holdings by 1.8%, while retaining a substantial 674,694-share position. The sale occurred at $190.28, approximately 13% above the current price of $168.18, indicating the CEO divested near the upper end of the 52-week range ($141.79–$188.50). Reviewing his same-ticker transaction history: a prior NXST sell on 2024-03-05 showed a 90-day return of +2.8%, meaning the stock rose after that sale—a poorly-timed outcome for a seller. Cross-ticker, his track record shows a 0.00% well-timed rate across 1 prior sell, with the average 90-day return of +2.8% similarly indicating past sells preceded gains. The company's fundamentals show mixed signals: a P/E of 8.78 appears low, but annual revenue growth stands at -5.3%, suggesting headwinds in the underlying business.

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