Nexstar (NXST) networks president logs RSU vesting and 414-share tax sale
Rhea-AI Filing Summary
Nexstar Media Group President, Networks Sean Compton reported routine equity compensation activity involving restricted stock units and a related share sale. On June 3, 2026, 938 time-based restricted stock units converted into the same number of Nexstar common shares upon vesting.
On June 4, 2026, Compton then sold 414 common shares at $182.4153 per share. According to the disclosure, this sale was made specifically to cover tax withholding obligations tied to the RSUs that vested on June 3, 2026, rather than as a discretionary portfolio move.
After these transactions, Compton directly held 12,331 shares of Nexstar common stock. The filing also notes that the vested RSUs were part of a larger 3,750‑unit award granted on June 3, 2022, which has been vesting in scheduled annual installments through 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 414 | $182.4153 | $76K |
| Exercise | Restricted Stock Units | 938 | $0.00 | -- |
| Exercise | Common Stock | 938 | $0.00 | -- |
Footnotes (1)
- Each time-based 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. 3,750 RSUs were awarded on June 3, 2022, of which, 937, 938, 937 and 938 RSUs vested on June 3, 2023, 2024, 2025 and 2026, respectively. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs that vested on June 3, 2026.