Brett Jenkins
NEXSTAR MEDIA GROUPAbout Brett Jenkins
Executive Vice President and Chief Technology & Digital Officer at Nexstar Media Group since April 2023; age 54 as disclosed in the proxy’s executive officer roster . Responsible for company-wide technology, data and digital operations and the development/deployment of ATSC 3.0; serves on the Board of the Advanced Television Systems Committee (ATSC) . Education: BSEE (University of Massachusetts) and MBA (Boston University/Questrom) . Under his leadership remit, Nexstar reached record 2024 net revenue of $5.4B, net income of $683M and Adjusted EBITDA of $2.0B, and expanded NextGen TV signals to cover 50%+ of U.S. TV households . Nexstar highlights multi-year shareholder value creation, including recognition as a “100-Bagger” over 15 years, indicative of strong TSR during the broader executive team’s tenure .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nexstar Media Group | Chief Technology Officer | 2017–2023 | Led technology across broadcasting and digital; foundational work on ATSC 3.0 deployment . |
| Nexstar Media Group | EVP, Chief Technology & Digital Officer | Apr 2023–present | Expanded remit to data and digital operations; stewardship of ATSC 3.0 rollout . |
| Media General | Vice President & Chief Technology Officer | 2014–2017 | Oversaw IT and engineering across broadcast and digital businesses . |
| LIN Media | Vice President & Chief Technology Officer | 2011–2014 | Technology leadership at a major TV broadcaster (pre-Media General merger) . |
| ION Media Networks; Thales Broadcast & Multimedia; Thomson | Technology and executive roles | Not disclosed | Progressive engineering/executive positions in broadcast technology . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Advanced Television Systems Committee (ATSC) | Board Member; participant in TG3/S34 | Ongoing | Advocacy and standards leadership for ATSC 3.0; supports industry-wide NextGen TV deployment . |
Fixed Compensation
- Jenkins is not a 2024 Named Executive Officer (NEO) in the proxy; his individual base salary, target bonus, and actual bonus amounts are not disclosed .
- Company policy: senior executives’ compensation includes base salary, short‑term performance‑based annual bonus, and long‑term incentives split between time‑based RSUs (50%) and performance‑based PSUs (50%) .
Performance Compensation
| Component | Metric | Weighting | Target/Measurement | Payout Mechanics | Vesting |
|---|---|---|---|---|---|
| PSUs (non‑CEO senior executives from 2025) | Relative TSR vs peer group | 50% | 2‑year measurement period aligned to business cycle | 50% at threshold; 100% at target; 150% at max; capped at 100% if absolute TSR is negative . | 3‑year vesting; 2026 grants use 3‑year cliff; 2025 grants use transitional 25%/25%/50% annual tranches . |
| PSUs (non‑CEO senior executives from 2025) | Cumulative Adjusted Free Cash Flow | 50% | 2‑year measurement period | Same leverage schedule as TSR; committee may adjust for extraordinary events . | Same vesting schedule as above . |
| RSUs (non‑CEO senior executives from 2025) | Time‑based | — | N/A | N/A | Shifted to 3‑year annually ratable vesting in 2025; reduced grant counts pro rata for vesting change . |
Company-wide changes in 2025 responded to shareholder feedback (after a 40% “say‑on‑pay” support in 2024) and were applied to non‑CEO NEOs and other senior executives, indicating alignment for Jenkins as an EVP .
Equity Ownership & Alignment
| Policy/Disclosure | Details |
|---|---|
| Stock ownership guideline | CEO: 10x base salary; other NEOs and other senior executives: 2x base salary. Measured using highest stock price over prior 24 months; includes unvested RSUs/PSUs; assessed 5 years from start; all applicable officers/directors were in compliance as of 12/31/24 . |
| Anti‑hedging/pledging | Company prohibits hedging and pledging of Nexstar securities; updated stricter standards in January 2025 . |
| Clawback policy | SEC‑compliant clawback adopted October 2023; applies to incentive‑based comp received on/after Oct 2, 2023 and recovers excess pay tied to restated results . |
| Change‑in‑control (equity) | For NEOs: automatic acceleration of RSUs and PSUs upon change in control; PSUs vest at target (company‑wide plan term) . |
Note: Jenkins’ individual beneficial ownership is not itemized in the proxy’s table (NEOs and directors are listed); the group total for “all directors and executive officers” is disclosed, but no Jenkins‑specific share count is provided .
Employment Terms
- Individual employment agreement terms (base salary multiples, bonus multiples, non‑compete) are disclosed for certain NEOs (CEO/COO/CFO/Network/Distribution) but not for Jenkins; thus, his specific severance and change‑of‑control cash economics are not disclosed .
- NEO agreements include one‑year post‑employment non‑compete and perpetual non‑disclosure; equity awards accelerate on change in control (PSUs at target) .
Investment Implications
- Alignment: Jenkins falls under stronger alignment policies—ownership guideline (2x salary), prohibition of hedging/pledging, and SEC clawback—reducing adverse trading incentives and governance risk .
- Retention and selling pressure: 2025 shift to 3‑year vesting and 2‑year PSU measurement enhances retention and lengthens monetization windows, mitigating near‑term selling pressure versus prior 4‑year ratable structures .
- Performance linkage: Addition of cumulative Adjusted FCF to TSR improves pay-for-performance balance for senior tech/digital leadership, tying outcomes to capital generation and market-relative returns .
- Execution risk: Jenkins’ remit over ATSC 3.0 and digital operations sits at the core of Nexstar’s stated value creation vectors; company evidence of scale and 2024 financial performance support the strategic path, but continued execution on NextGen TV deployment and digital monetization remains pivotal .