Sundar PichaiSundar Pichai earned $164M in 2023

Perry A. Sook is the CEO of Nexstar Media Group, Inc., a major player in the media industry. He holds a Bachelor's degree in Business Administration from the University of Notre Dame. Sook has been with Nexstar since its early...

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Perry A. Sook

Founder and CEO of Nexstar Media Group, Inc.

Education

Bachelor's degree in Business Administration from the University of Notre Dame

Field of Expertise

Media & Entertainment - Media

Sector of Economy

Communication Services

Born

January 1, 1965 - 60 years ago

CEO of Nexstar Media Group, Inc. for

29 years 4 months (Jan 1996 - Present)

Previous Experience

Founder and CEO of Nexstar Media Group, Inc.

Holdings

See how much did Perry A. Sook make over time.

Perry A. Sook has seen substantial movements in his stock holdings in Nexstar Media Group, which reflect both his role and the company's performance. Notably, in 2019, his holdings peaked at around $166 million, before experiencing some fluctuations over the...

Total Stock Sold

$307.61M

NXST

$307.61M

2,975,911 NXST shares

What if they kept their stock?

If Perry A. Sook didn't sell their stock, today they would have:
Extra NXST2,975,911 shares worth $233.82M.
This is -23.99% and $73.80M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Perry A. Sook.

NXST

$11.01M

NXST at $169.66/share

Mar 4, 2025

Sale

NXST

$8.45M

NXST at $160.08/share

Dec 24, 2024

Sale

NXST

$8.31M

NXST at $157.41/share

Dec 23, 2024

Sale

NXST

$5.71M

NXST at $162.13/share

Dec 17, 2024

Sale

NXST

$7.98M

NXST at $170.00/share

Nov 22, 2024

Sale

NXST

$2.33M

NXST at $190.28/share

Nov 7, 2024

Sale

NXST

$5.04M

NXST at $158.66/share

Mar 1, 2024

Sale

NXST

$3.27M

NXST at $170.00/share

Feb 1, 2022

Sale

NXST

$60.00M

NXST at $170.10/share

Jan 14, 2022

Sale

NXST

$42.33M

NXST at $170.34/share

Jan 13, 2022

Sale

Compensation History

See how much did Perry A. Sook make over time.

In 2023, Perry A. Sook’s total compensation reached approximately $30 million, reflecting his significant role in Nexstar Media Group's success. His base salary was $3 million, and he also received around $4.9 million in bonuses tied to performance metrics like Adjusted EBITDA and Net Revenue. The bonuses are notable, as Sook achieved 82% of his targets, showcasing both his ambitious goals and results. Additionally, he benefited from vested stock grants valued at about $50.5 million, including shares from both performance-based and time-based restricted stock units. His compensation approach not only aims to attract talented executives but aligns their goals with the company's long-term performance. Over the years, Sook's compensation has grown, reflecting an increase in his responsibilities and the company's market position.

Year

2023

Total Compensation

$58.63M

Salary

$3.00M

Board Justification

The compensation philosophy aims to attract and retain talented executives, aligning compensation with company performance and strategic goals.

Bonus

$4.90M

Board Justification

The bonus is based on a target of 200% of base salary, with actual payout determined by performance metrics including Adjusted EBITDA and Net Revenue, achieving 82% of target for 2023.

Other

$173.17K

Board Justification

Other compensation includes automobile allowances, life insurance premiums, 401(k) contributions, and reimbursement for personal aircraft use.

Restricted Stock

$50.56M(276.04K RSU)

Board Justification

The stock awards that vested in 2023 include 145,833 shares from performance-based RSUs and 130,208 shares from time-based RSUs.

Performance Metrics

The performance metrics for determining the CEO's compensation include Adjusted EBITDA and Net Revenue against budgeted targets.

Other Nexstar Media Group, Inc. CEOs

Here are other CEOs of Nexstar Media Group, Inc.