Nexstar CFO exercises 1,875 performance stock units
NEXSTAR MEDIA GROUP EVP and CFO Lee Ann Gliha exercised performance-based restricted stock units into common stock as part of her compensation.
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Form Type
4
Rhea-AI Filing Summary
NEXSTAR MEDIA GROUP EVP and CFO Lee Ann Gliha exercised performance-based restricted stock units into common stock as part of her compensation. She converted 1,875 PSUs into the same number of common shares, bringing her direct common stock holdings to 20,262 shares.
The 1,875 PSUs were part of a 7,500-unit award granted on May 23, 2024 that vests in equal 1,875-unit installments each year through May 23, 2028, subject to performance goals and continued service. Nexstar’s Compensation Committee determined the performance conditions were achieved, so these PSUs vested in full on June 6, 2026. After the transaction, 3,750 restricted stock units remain outstanding.
Insider Trade Summary
1,875 shares exercised/converted
Exercise
2 txns
Insider
Gliha Lee Ann
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,875 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,875 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 3,750 contracts (Direct);
Common Stock — 20,262 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 7,500 PSUs were awarded on May 23, 2024, of which, 1,875 PSUs vest at each anniversary of the award through May 23, 2028, 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 1,875 PSUs vested in full on June 6, 2026.
Key Figures
PSUs exercised: 1,875 units
Common shares acquired: 1,875 shares
Common shares after transaction: 20,262 shares
+3 more
6 metrics
PSUs exercised
1,875 units
Vested and converted on June 6, 2026
Common shares acquired
1,875 shares
Received upon PSU vesting
Common shares after transaction
20,262 shares
Direct holdings following June 6, 2026 exercise
Total PSU award
7,500 units
Performance-based RSUs granted May 23, 2024
Annual PSU vesting tranche
1,875 units
Vests at each anniversary through May 23, 2028
RSUs remaining
3,750 units
Restricted stock units outstanding after June 6, 2026
Key Terms
performance-based restricted stock unit, PSU, Restricted Stock Units, 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
"7,500 PSUs were awarded on May 23, 2024, of which, 1,875 PSUs vest at each anniversary of the award"
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.
Restricted Stock Units financial
"security_title": "Restricted Stock Units""
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.
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.
vesting date financial
"subject to the achievement of pre-established company performance metrics and Reporting Person's continued service through the applicable vesting date."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Nexstar (NXST) CFO Lee Ann Gliha report in this Form 4?
Lee Ann Gliha reported exercising 1,875 performance-based restricted stock units into 1,875 common shares. This compensation-related transaction increased her direct common stock holdings to 20,262 shares, reflecting routine vesting rather than an open-market share purchase or sale.
How many performance-based restricted stock units did Nexstar (NXST) grant to the CFO?
Nexstar granted 7,500 performance-based restricted stock units to the CFO on May 23, 2024. These PSUs vest in 1,875-unit installments on each anniversary through May 23, 2028, subject to company performance metrics and the executive’s continued service with Nexstar.
How many Nexstar (NXST) PSUs vested and converted on June 6, 2026?
On June 6, 2026, 1,875 performance-based restricted stock units vested in full and converted into 1,875 shares of Nexstar common stock. The vesting followed the Compensation Committee’s determination that pre-established performance conditions for this tranche were satisfied.
How does the Nexstar (NXST) PSU vesting schedule work for this award?
The 7,500 PSUs awarded on May 23, 2024 vest in four equal annual installments of 1,875 units each. Vesting requires the achievement of pre-set company performance metrics and the reporting person’s continued service through each applicable vesting date.
Did Nexstar’s (NXST) Compensation Committee approve the PSU vesting conditions?
Yes. Nexstar’s Compensation Committee assessed the performance metrics tied to the PSUs and determined the conditions were satisfied. As a result, the 1,875 PSUs scheduled for this tranche vested in full on June 6, 2026, triggering conversion into common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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