The estimated Net Worth of Jay M. Grossman is at least $14.4 Milion dollars as of 9 June 2024. Mr. Grossman owns over 750 units of Nexstar Media Inc stock worth over $10,397,516 and over the last 21 years he sold NXST stock worth over $3,754,588. In addition, he makes $241,774 as Independent Director at Nexstar Media Inc.
Jay has made over 30 trades of the Nexstar Media Inc stock since 2003, according to the Form 4 filled with the SEC. Most recently he exercised 750 units of NXST stock worth $115,365 on 9 June 2024.
The largest trade he's ever made was buying 40,000 units of Nexstar Media Inc stock on 18 November 2008 worth over $26,000. On average, Jay trades about 4,198 units every 156 days since 2003. As of 9 June 2024 he still owns at least 64,625 units of Nexstar Media Inc stock.
You can see the complete history of Mr. Grossman stock trades at the bottom of the page.
Jay M. Grossman serves as Independent Director of the Company. Mr. Grossman serves as Managing Partner and Co-Chief Executive Officer at ABRY Partners, LLC (“ABRY”), which he joined in 1996. Prior to joining ABRY, Mr. Grossman was an investment banker specializing in media and entertainment at Kidder Peabody and at Prudential Securities. Mr. Grossman currently serves as a director (or the equivalent) of several private companies including Hometown Cable, Grande Communications Networks and RCN Telecom Services. Previously, Mr. Grossman served on the board of directors of a wide variety of companies including Atlantic Broadband, Q9 Networks, Sidera Networks, WideOpenWest Holdings, Consolidated Theaters, Country Road Communications, Monitronics International, Caprock Communications, Cyrus One Networks, Executive Health Resources and Hosted Solutions. Mr. Grossman brings to Nexstar’s Board of Directors his ability to provide the insight and perspectives of a former investment banker at one of the world’s largest investment banks. His prior experience with media and entertainment transactions offers a unique viewpoint as a director. He also oversaw the integration of two middle-market communications companies with differing operations and networks. His service on the boards of several private companies in diverse industries allows him to offer a broad perspective on corporate governance, compensation and operating issues facing corporations today.
As the Independent Director of Nexstar Media Inc, the total compensation of Jay Grossman at Nexstar Media Inc is $241,774. There are 12 executives at Nexstar Media Inc getting paid more, with Perry Sook having the highest compensation of $16,365,700.
Jay Grossman is 60, he's been the Independent Director of Nexstar Media Inc since 2002. There are 13 older and 13 younger executives at Nexstar Media Inc. The oldest executive at Nexstar Media Group Inc is I. Martin Pompadur, 84, who is the Independent Director.
Jay's mailing address filed with the SEC is C/O ABRY PARTNERS, LLC, 888 BOYLSTON ST. STE 1600, BOSTON, MA, 02199.
Over the last 21 years, insiders at Nexstar Media Inc have traded over $550,871,166 worth of Nexstar Media Inc stock and bought 875,610 units worth $3,197,323 . The most active insiders traders include Royce Yudroff, Broadcast Partners Iii Lp Abry a Broadcast Partners Ii L P Abry. On average, Nexstar Media Inc executives and independent directors trade stock every 11 days with the average trade being worth of $9,194,220. The most recent stock trade was executed by Rachel Morgan on 27 August 2024, trading 6,196 units of NXST stock currently worth $1,061,375.
nexstar media group is the largest tv station operator in the country. with the reach of 171 full power television stations in 100 markets addressing nearly 38.9% of us television households, and a diversified, growing digital media operation, nexstar media group offers superior audience engagement across all media devices and local broadcast television’s unrivalled influence on consumers’ purchasing and political decisions. in 20 years, nexstar has grown from a single station to the nation’s largest television company. this growth is fueled by an organization-wide commitment to delivering exceptional service to our communities and outstanding results for our advertisers. from the very beginning, nexstar has cultivated an organization-wide commitment to providing superior, unique local content that is relevant to each of the communities it serves, while offering local businesses, advertisers and brands the ability to engage and connect with local communities.
Nexstar Media Inc executives and other stock owners filed with the SEC include: