Nexstar director granted 905 RSUs in Form 4
Nexstar Media Group director Jay M. Grossman received a compensation grant of 905 restricted stock units (RSUs).
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Rhea-AI Filing Summary
Nexstar Media Group director Jay M. Grossman received a compensation grant of 905 restricted stock units (RSUs). The award was granted on March 19, 2026 and represents the right to receive 905 shares of Nexstar common stock if the units vest.
Each RSU converts into one share of common stock on the vesting date. All 905 RSUs are scheduled to fully vest on March 19, 2027, provided Grossman continues serving as a director. Any unvested RSUs are forfeited if he ceases to be a director for reasons other than a company change of control.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 905 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock at the vesting date.
- F2. 905 RSUs were awarded on March 19, 2026, all of which will fully vest on March 19, 2027.
- F3. The RSUs have no expiration. However, any and all unvested portion of RSUs shall be forfeited and cancelled should the Reporting Person ceases being a director of the Company for any reason other than a company change of control.
FAQ
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What did Nexstar (NXST) director Jay M. Grossman report in this Form 4?
How many restricted stock units did Jay M. Grossman receive from Nexstar (NXST)?
When do Jay M. Grossman’s Nexstar (NXST) RSUs vest?
What happens to Jay M. Grossman’s Nexstar (NXST) RSUs if he leaves the board?
How are Jay M. Grossman’s Nexstar (NXST) RSUs settled at vesting?
AI-generated analysis. How Rhea-AI works. Not financial advice.