3,000 RSUs granted to Nexstar (NXST) officer, vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nexstar Media Group officer Dana Zimmer received a grant of 3,000 restricted stock units (RSUs) tied to the company’s common stock. The award was made as compensation, not as an open-market share purchase or sale, and reflects an additional equity-based incentive.
According to the grant terms, 1,000 RSUs vest on each anniversary of the March 19, 2026 award date through March 19, 2029, as long as Zimmer continues in service. Each vested RSU will convert into one share of Nexstar common stock, aligning the officer’s compensation more closely with long-term shareholder value.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ZIMMER DANA
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,000 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. 3,000 RSUs were awarded on March 19, 2026, of which 1,000 RSUs vest at each anniversary of the award through March 19, 2029.
FAQ
What insider transaction did Nexstar (NXST) report for Dana Zimmer?
Nexstar reported that officer Dana Zimmer received a grant of 3,000 restricted stock units as equity compensation. These RSUs are not an open-market share purchase or sale, but a stock-based award that converts into common shares as they vest over time.
How many restricted stock units did Dana Zimmer receive from Nexstar (NXST)?
Dana Zimmer was awarded 3,000 restricted stock units linked to Nexstar common stock. This entire amount comes from a single grant dated March 19, 2026, and represents the officer’s reported RSU holdings following the transaction described in the Form 4 filing.
What is the vesting schedule for Dana Zimmer’s 3,000 Nexstar (NXST) RSUs?
Zimmer’s 3,000 RSUs vest in three equal installments of 1,000 units each. Vesting occurs on each anniversary of the March 19, 2026 award date, continuing annually through March 19, 2029, assuming the officer continues serving the company through each vesting date.
Do Dana Zimmer’s Nexstar (NXST) RSUs convert into common stock?
Each restricted stock unit converts into one share of Nexstar common stock upon vesting. This means as Zimmer’s RSUs vest from 2026 through 2029, they will turn into an equivalent number of Nexstar shares, provided continued service conditions are satisfied at each vesting date.
Was Dana Zimmer’s Nexstar (NXST) RSU grant an open-market stock purchase?
No, the Form 4 classifies the transaction as a grant or award acquisition, not an open-market purchase. Zimmer did not buy shares on the market; instead, the company granted 3,000 RSUs as part of compensation, which will convert into common shares when they vest.