Nexstar COO exercises RSUs, sells shares for taxes
NEXSTAR MEDIA GROUP, INC.
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Form Type
4
Rhea-AI Filing Summary
NEXSTAR MEDIA GROUP, INC. President & COO Michael Biard reported routine equity compensation activity and a related tax sale. On May 23, 2026, 2,500 time-based restricted stock units (RSUs) vested and were converted into an equal number of common shares. On May 27, 2026, he sold 989 common shares at $187.3214 per share to cover tax withholding obligations from this RSU settlement. Following these transactions, he directly holds 15,224 common shares and 5,000 RSUs, part of a 10,000-RSU award granted on May 23, 2024 that vests in four equal annual installments through May 23, 2028.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Biard Michael
Role
President & COO
Sold
989 shs ($185K)
Approx. gross sale proceeds
$185K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 989 | $187.3214 | $185K |
| Exercise | Restricted Stock Units | 2,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,500 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 5,000 contracts (Direct);
Common Stock — 15,224 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. 10,000 RSUs were awarded on May 23, 2024, of which, 2,500 RSUs vest at each anniversary of the award through May 23, 2028.
- F3. 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 May 23, 2026.
Key Figures
Shares sold: 989 shares
Sale price: $187.3214 per share
RSUs vested and converted: 2,500 RSUs/shares
+3 more
6 metrics
Shares sold
989 shares
Open-market sale on May 27, 2026 to cover tax withholding
Sale price
$187.3214 per share
Price for 989 Nexstar common shares sold
RSUs vested and converted
2,500 RSUs/shares
Time-based RSUs vested on May 23, 2026 into common stock
Common shares held after
15,224 shares
Direct Nexstar common stock ownership following transactions
RSUs remaining after
5,000 RSUs
Unvested RSUs remaining from 10,000-unit award
Original RSU award
10,000 RSUs
Awarded on May 23, 2024, vesting 2,500 per year through 2028
Key Terms
Restricted Stock Units, time-based restricted stock unit, tax withholding obligations, vesting date, +1 more
5 terms
Restricted Stock Units financial
"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"
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 unit financial
"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"
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs"
vesting date financial
"converted into one share of Nexstar's Common Stock subject to the Reporting Person's continued service through the applicable vesting date"
Form 4 regulatory
"The sale reported on this Form 4 represents shares sold by the Reporting Person"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Nexstar Media Group (NXST) report for Michael Biard?
Nexstar’s President & COO Michael Biard had 2,500 restricted stock units vest and convert into common shares, then sold 989 of those shares. The sale was specifically to cover tax withholding obligations tied to the RSU settlement on May 23, 2026.
What Nexstar (NXST) equity did Michael Biard receive through RSU vesting?
On May 23, 2026, 2,500 time-based restricted stock units vested for Michael Biard, converting into 2,500 Nexstar common shares. These units are part of a 10,000-RSU award granted May 23, 2024, vesting in four equal annual installments through May 23, 2028.
What are Michael Biard’s Nexstar (NXST) holdings after these Form 4 transactions?
After the reported transactions, Michael Biard directly holds 15,224 shares of Nexstar common stock and 5,000 restricted stock units. The remaining RSUs are scheduled to continue vesting annually, assuming he maintains continued service through each future vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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