Nexstar (NXST) EVP Lindsey Knapp reports time-based RSU awards and shares
Rhea-AI Filing Summary
Nexstar Media Group EVP of Human Resources Lindsey Knapp filed an initial ownership report listing equity awards in the company. The filing shows time-based restricted stock units that convert into common stock, with remaining unvested awards of 750, 1,125, 1,500 and 2,250 RSUs scheduled to vest in annual installments through dates referenced from 2027 to 2029. The report also lists 877 shares of common stock held directly. Footnotes state each RSU converts into one share of common stock at vesting and any unvested RSUs are forfeited if employment ends other than in a company change of control.
Positive
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Negative
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Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Knapp Lindsey
Role
EVP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,625 shares (Direct);
Common Stock — 877 shares (Direct)
Footnotes (6)
- F1. 1,500 time-based restricted stock units (RSUs) were awarded on June 14, 2023, of which, 375 RSUs vested each June 14, 2024 and June 14, 2025. The remaining 750 RSUs reported herein will vest 375 each anniversary of the award through June 14, 2027.
- F2. 1,500 RSUs were awarded on May 23, 2024, of which, 375 RSUs vested on May 23, 2025. The remaining 1,125 RSUs reported herein will vest 375 each anniversary of the award through May 23, 2028.
- F3. 2,250 RSUs were awarded on March 24, 2025, of which, 750 RSUs vested on March 24, 2026. The remaining 1,500 RSUs reported herein will vest 750 each anniversary of the award through March 24, 2027.
- F4. 2,250 RSUs were awared on March 19, 2026, of which, 750 RSUs will vest each anniversary of the award through March 19, 2029.
- F5. The RSUs have no expiration. However, any and all unvested portion of RSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.
- F6. Each RSU is converted into one share of Nexstar's Common Stock at the vesting date.
Key Figures
Unvested RSUs tranche 1: 750 RSUs
Unvested RSUs tranche 2: 1,125 RSUs
Unvested RSUs tranche 3: 1,500 RSUs
+3 more
6 metrics
Unvested RSUs tranche 1
750 RSUs
Remaining from June 14, 2023 award; vesting through June 14, 2027
Unvested RSUs tranche 2
1,125 RSUs
Remaining from May 23, 2024 award; vesting through May 23, 2028
Unvested RSUs tranche 3
1,500 RSUs
Remaining from March 24, 2025 award; vesting through March 24, 2027
RSUs award March 19, 2026
2,250 RSUs
Vest 750 each year through March 19, 2029
Common stock held
877 shares
Direct ownership reported in Form 3
RSU conversion price
$0.0000
Each RSU converts into one common share at vesting
Key Terms
Restricted Stock Units, time-based restricted stock units, vest, change of control, +1 more
5 terms
Restricted Stock Units financial
"1,500 time-based restricted stock units (RSUs) were awarded on June 14, 2023"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-based restricted stock units financial
"1,500 time-based restricted stock units (RSUs) were awarded on June 14, 2023"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
vest financial
"375 RSUs vested each June 14, 2024 and June 14, 2025"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
change of control financial
"other than a company change of control"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Form 3 regulatory
"INSIDER FILING DATA (Form 3):"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Lindsey Knapp's Form 3 for NXST disclose?
The Form 3 discloses initial equity ownership for Lindsey Knapp at Nexstar Media Group, including multiple time-based restricted stock unit (RSU) awards and 877 shares of common stock held directly, all reported as of the filing date.
How many restricted stock units does Lindsey Knapp report for Nexstar (NXST)?
The filing lists four blocks of time-based RSUs: 750, 1,125, 1,500 and 2,250 units. Each RSU converts into one share of Nexstar common stock upon vesting, according to the footnotes in the ownership report.
When do Lindsey Knapp's Nexstar RSUs reported on Form 3 vest?
The RSUs vest in annual installments. Footnotes state 750 RSUs from a June 14, 2023 grant vest through June 14, 2027, 1,125 from May 23, 2024 vest through May 23, 2028, and 1,500 from March 24, 2025 vest through March 24, 2027.
What are the terms of Lindsey Knapp's March 19, 2026 Nexstar RSU award?
Footnotes explain the 2,250 RSUs awarded March 19, 2026 will vest in equal 750-unit tranches on each anniversary of the award through March 19, 2029, assuming the vesting conditions in the award agreement continue to be satisfied.
What happens to Lindsey Knapp's Nexstar RSUs if employment ends?
According to the footnotes, any unvested RSUs are forfeited and cancelled if the awardee’s employment terminates for any reason other than a company change of control, meaning continued service is generally required for vesting.
How are Lindsey Knapp's Nexstar RSUs settled at vesting?
Each RSU converts into one share of Nexstar common stock on the vesting date. There is no exercise price; the filing shows a $0.0000 conversion price, indicating share delivery rather than a traditional stock option exercise.