Nexstar (NXST) broadcasting chief gains 2,876 shares from PSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nexstar Media Group President, Broadcasting Andrew Alford reported compensation-related equity activity on June 8, 2026. He exercised performance-based restricted stock units (PSUs) and restricted stock units that had vested after the Compensation Committee confirmed pre-established company performance metrics were achieved.
Alford acquired 2,876 shares of common stock through these derivative exercises, all at an exercise price of $0.00 per share. Following the transactions, he directly holds 15,135 shares of Nexstar common stock, reflecting routine equity-based compensation rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,876 shares exercised/converted
Mixed
6 txns
Insider
ALFORD ANDREW
Role
President, Broadcasting
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 938 | $0.00 | -- |
| Exercise | Restricted Stock Units | 938 | $0.00 | -- |
| Exercise | Common Stock | 1,000 | $0.00 | -- |
| Exercise | Common Stock | 938 | $0.00 | -- |
| Exercise | Common Stock | 938 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,000 shares (Direct, null);
Common Stock — 13,259 shares (Direct, null)
Footnotes (1)
- Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Nexstar's common stock, subject to the achievement of pre-established company performance metrics and Reporting Person's continued service through the applicable vesting date. 4,000 PSUs were awarded on May 23, 2024, of which, 1,000 PSUs vest at each anniversary of the award through May 23, 2028, subject to the achievement of pre-established company performance metrics. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied. Thus, the 1,000 PSUs vested in full on June 8, 2026. 3,750 PSUs were awarded on June 3, 2022, of which, 937, 938, 937 and 938 PSUs vested on June 3, 2023, 2024, 2025, and 2026, respectively, subject to the achievement of pre-established company performance metrics. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied. Thus, the 938 PSUs vested in full on June 8, 2026. 3,750 PSUs were awarded on June 14, 2023, of which, 938, 937 and 938 PSUs vested on June 14, 2024, 2025, and 2026, respectively, and, 937 PSUs will vest on June 14, 2027, subject to the achievement of pre-established company performance metric. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied. Thus, the 938 PSUs vested in full on June 8, 2026.
Key Figures
Shares acquired via exercises: 2,876 shares
Exercise price: $0.00 per share
Common shares held after: 15,135 shares
+5 more
8 metrics
Shares acquired via exercises
2,876 shares
Common stock from PSU and RSU exercises on June 8, 2026
Exercise price
$0.00 per share
Conversion of performance-based and restricted stock units
Common shares held after
15,135 shares
Direct Nexstar common stock ownership following reported transactions
2024 PSU award size
4,000 PSUs
Awarded May 23, 2024; 1,000 PSUs vest on each anniversary through 2028
2022 PSU award size
3,750 PSUs
Awarded June 3, 2022 with four annual vesting tranches
2023 PSU award size
3,750 PSUs
Awarded June 14, 2023 with vesting from 2024 through 2027
Remaining RSUs after one transaction
2,000 units
Restricted stock units balance shown after a June 8, 2026 entry
Single-day PSU vesting tranche
1,000 PSUs
From 2024 award vesting on June 8, 2026 after performance review
Key Terms
performance-based restricted stock unit, PSU, vesting, Compensation Committee, +1 more
5 terms
performance-based restricted stock unit financial
"Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Nexstar's common stock"
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
PSU financial
"3,750 PSUs were awarded on June 3, 2022, of which, 937, 938, 937 and 938 PSUs vested"
A PSU is a company where the government owns a controlling stake and often plays a direct role in its management and strategy. Think of it like a business that operates with public oversight, similar to a town-run utility versus a private neighborhood service. Investors watch PSUs differently because government involvement can affect profits, dividend policies, regulatory treatment and stability, so these stocks may behave more like policy instruments than pure market-driven enterprises.
vesting financial
"Thus, the 1,000 PSUs vested in full on June 8, 2026."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Compensation Committee financial
"The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
restricted stock units financial
"Restricted Stock Units transaction type derivative with underlying security title Common Stock"
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.
FAQ
What did Nexstar (NXST) executive Andrew Alford report in this Form 4?
Andrew Alford reported exercises of performance-based restricted stock units into Nexstar common shares. These transactions reflect equity compensation vesting after performance goals were met, not open-market buying or selling of NXST stock.
What are performance-based restricted stock units (PSUs) at Nexstar (NXST)?
Performance-based restricted stock units at Nexstar are rights to receive common shares if pre-set company performance metrics are achieved and the executive remains employed through vesting. Once conditions are met, each PSU converts into one NXST share.
Which Nexstar (NXST) PSU awards vested for Andrew Alford on June 8, 2026?
On June 8, 2026, portions of three PSU awards vested for Andrew Alford. These included tranches from grants made in 2022, 2023, and 2024, after the Compensation Committee determined performance conditions were satisfied.