Thomas E. Carter is the President and CEO of Nexstar Media Group, Inc. He joined the company in 2009 as CFO and has climbed the ranks to lead the organization since 2020. With a background in finance and a degree...

Thomas E. Carter is the President and CEO of Nexstar Media Group, Inc. He joined the company in 2009 as CFO and has climbed the ranks to lead the organization since 2020. With a background in finance and a degree from the University of Texas at Austin, he knows his numbers and what it takes to grow a business. Carter has overseen significant financial milestones, including a total compensation of over $3 million in 2023, driven by performance metrics such as Adjusted EBITDA and Net Revenue. Interestingly, his insider trading has shown some major fluctuations, with notable transactions between $11 million and $18 million over the past years. This indicates a strong belief in the company's future. Carter's prior roles at Banc of America Securities provided him with valuable insights into the media and telecom industries, aligning well with his current position. Under his leadership, Nexstar has navigated the competitive landscape of media, focusing on aligning executive compensation with company performance to maximize shareholder value.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Nexstar Media Group, Inc. CEOs

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Thomas E. Carter

Ex-CEO of Nexstar Media Group, Inc.

Education

Bachelor's degree in Finance from the University of Texas at Austin

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Communication Services

Born

January 1, 1968 - 57 years ago

CEO of Nexstar Media Group, Inc. for

2 years 9 months (Oct 2020 - Jul 2023)

Previous Experience

Chief Financial Officer at Nexstar Media Group, Inc.

Rivals

Competitors/colleagues of Thomas E. Carter

S

Christopher Ripley

CEO of Sinclair, Inc.

2022 Compensation

Stock

$1.81M

Salary

$1.31M

Bonus

$689.85K

Other

$0.00

Total Holdings

$9.55M

F

Lachlan K. Murdoch

CEO of Fox Corporation

2022 Compensation

Stock

$7.87M

Salary

$3.00M

Bonus

$4.45M

Other

$1.77M

Total Holdings

$66.19M

Holdings

See how much did Thomas E. Carter make over time.

Thomas E. Carter has seen hefty fluctuations in his holdings with Nexstar Media Group. His insider trading activities were notable, particularly in 2022 and 2023. For instance, he reported trades ranging around $16 million to $18 million during late 2022....

Thomas E. Carter has seen hefty fluctuations in his holdings with Nexstar Media Group. His insider trading activities were notable, particularly in 2022 and 2023. For instance, he reported trades ranging around $16 million to $18 million during late 2022. This shows that he believes strongly in Nexstar's future. Over the course of 2023, his effective ownership in stock fluctuated around $11 million to $15 million, indicating a healthy investment in the company. His wealth is significantly tied to his stakes in Nexstar, reflecting both confidence and commitment to the company’s vision and goals. Carter's large number of vested stock units also speaks to his long-term dedication to the firm's performance and future success.

Total Stock Sold

$40.94M

NXST

$40.94M

322,604 NXST shares

What if they kept their stock?

If Thomas E. Carter didn't sell their stock, today they would have:
Extra NXST322,604 shares worth $20.81M.
This is -49.17% and $20.13M less than what they got when they sold the stock.

Charitable Transactions

NXST

36,852 shares

NXST

Recent Charitable Transactions

NXST

4,000 shares

NXST

Dec 13, 2023

Charity

NXST

3,000 shares

NXST

Nov 15, 2023

Charity

NXST

1,648 shares

NXST

Jun 26, 2023

Charity

NXST

3,000 shares

NXST

Mar 28, 2023

Charity

NXST

7,225 shares

NXST

Nov 14, 2022

Charity

NXST

3,750 shares

NXST

Aug 17, 2022

Charity

Insider Trading

See recent insider trades of Thomas E. Carter.

NXST

$192.37K

NXST at $155.89/share

Dec 26, 2023

Sale

NXST

$288.35K

NXST at $158.96/share

Dec 22, 2023

Sale

NXST

$306.76K

NXST at $157.23/share

Dec 20, 2023

Sale

NXST

$491.48K

NXST at $158.54/share

Dec 18, 2023

Sale

NXST

$966.88K

NXST at $161.15/share

Dec 14, 2023

Sale

NXST

4,000 shares

NXST

Dec 13, 2023

Charity

NXST

$1.28M

NXST at $150.45/share

Dec 4, 2023

Sale

NXST

3,000 shares

NXST

Nov 15, 2023

Charity

NXST

$896.15K

NXST at $149.36/share

Nov 14, 2023

Sale

NXST

$827.50K

NXST at $165.50/share

Aug 31, 2023

Sale

Compensation History

See how much did Thomas E. Carter make over time.

In 2023, Thomas E. Carter's total compensation reached an impressive $3,294,526. This sum largely derived from a base salary of $3 million uplinked with a near $500,000 annual bonus that was tied to performance metrics like Adjusted EBITDA and Net Revenue. His years in the media sector really paid off with significant stock awards of over $50 million linked to his performance over the years. He has consistently aligned his incentives with company performance, making sure that he only reaps the rewards when Nexstar does well. This strategy is part of a broader approach Nexstar takes to ensure that all executives are motivated by the company's success. It's clear that Carter’s financial acumen plays a big role in shaping the company's future.

Year

2023

Total Compensation

$58.46M

Salary

$3.00M

Board Justification

The compensation philosophy aims to attract and retain talented executives by providing a competitive total compensation package that aligns with company performance and shareholder interests.

Bonus

$4.90M

Board Justification

The annual bonus was based on performance metrics including Adjusted EBITDA and Net Revenue, achieving 82% of the target due to partial achievement of the criteria.

Other

$0.00

Board Justification

No additional compensation reported outside of salary, bonus, and stock awards.

Restricted Stock

$50.56M(276.04K RSU)

Board Justification

The total number of shares acquired from the vesting of restricted stock units, including performance-based and time-based RSUs, during the year 2023.

Performance Metrics

The performance metrics for the CEO's compensation included Adjusted EBITDA and Net Revenue targets.

Other Nexstar Media Group, Inc. CEOs

Here are other CEOs of Nexstar Media Group, Inc.

Perry A. Sook

Founder and CEO of Nexstar Media Group, Inc.

January 1996 - Invalid Date