Nexstar’s Sean Compton exercises 2876 share units
Nexstar Media Group President, Networks Sean Compton reported routine equity compensation activity.
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Rhea-AI Filing Summary
Nexstar Media Group President, Networks Sean Compton reported routine equity compensation activity. On June 8, 2026, he exercised performance-based restricted stock units into 2,876 shares of common stock, classified as derivative exercises rather than open-market purchases. Following these transactions, he directly held 15,207 shares of common stock. The vested units came from several PSU awards granted in 2022, 2023, and 2024, which were subject to pre-established company performance metrics and his continued service. The Compensation Committee determined those conditions were satisfied, allowing the PSUs scheduled for 2026 to vest in full.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 938 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 938 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 938 | $0.00 | $0.00 |
| Exercise | Common Stock | 938 | $0.00 | $0.00 |
Footnotes (4)
- 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. 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.
- F3. 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.
- F4. 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
Key Terms
performance-based restricted stock unit ("PSU") financial
vesting date financial
Compensation Committee financial
pre-established company performance metrics financial
performance-based restricted stock units (PSUs) financial
FAQ
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What did Nexstar (NXST) executive Sean Compton report in this Form 4?
What are performance-based restricted stock units (PSUs) in Nexstar (NXST)'s plan?
Which PSU awards vested for Sean Compton at Nexstar (NXST) on June 8, 2026?
Are future PSU vestings expected for Sean Compton at Nexstar (NXST)?
AI-generated analysis. How Rhea-AI works. Not financial advice.