Nexstar (NXST) officer receives 2,250 RSUs vesting annually through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEITMAN GARY reported acquisition or exercise transactions in this Form 4 filing.
Nexstar Media Group officer Gary Weitman reported receiving an equity compensation grant of 2,250 restricted stock units (RSUs) that each represent one share of Nexstar common stock when they vest. The RSUs were awarded at no cash cost as part of his compensation.
According to the filing, 750 RSUs will vest on each anniversary of the March 19, 2026 award date through March 19, 2029, as long as Weitman continues in service. After this grant, he is shown as holding 2,250 RSUs, highlighting a routine, service-based incentive award rather than any open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WEITMAN GARY
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,250 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,250 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock, subject to the Reporting Person's continued service through the applicable vesting date. 2,250 RSUs were awarded on March 19, 2026, of which 750 RSUs vest at each anniversary of the award through March 19, 2029.
FAQ
What insider transaction did Nexstar (NXST) report for Gary Weitman?
Nexstar reported that officer Gary Weitman received a grant of 2,250 restricted stock units. These RSUs are equity compensation that convert into Nexstar common shares as they vest, rather than an open-market stock purchase or sale.
How many Nexstar (NXST) restricted stock units were granted to Gary Weitman?
Gary Weitman was granted 2,250 restricted stock units tied to Nexstar common stock. Each RSU converts into one share upon vesting, providing him with time-based equity compensation instead of immediate cash or direct share purchases in the market.
What are the vesting terms of Gary Weitman’s Nexstar (NXST) RSU award?
The 2,250 RSUs vest in three equal installments of 750 units on each anniversary of the March 19, 2026 award date through March 19, 2029. Vesting requires Weitman’s continued service with Nexstar over this period.
Does Gary Weitman’s Nexstar (NXST) Form 4 show a stock purchase or sale?
The Form 4 does not report any open-market stock purchase or sale. It shows an acquisition of 2,250 restricted stock units as a grant, a standard form of equity compensation that vests over time instead of an immediate trading transaction.
How many Nexstar (NXST) RSUs does Gary Weitman hold after this transaction?
After the reported grant, Gary Weitman is shown as holding 2,250 restricted stock units. These units convert into Nexstar common shares as they vest, giving him a growing ownership interest linked to his continued service and the company’s long-term performance.