Nexstar (NXST) executive Gary Weitman vests 750 PSUs from 3,000-unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nexstar Media Group executive Gary Weitman reported a routine equity compensation event. On June 10, 2026, he exercised 750 performance-based restricted stock units (PSUs) into 750 shares of Nexstar common stock, reflecting the vesting of a portion of a prior award.
The vested shares came from a 3,000-PSU grant awarded on May 23, 2024, which vests in 750-unit installments on each anniversary through May 23, 2028, subject to company performance metrics and continued service. Nexstar’s Compensation Committee determined that the performance conditions were satisfied, so the 750 PSUs vested in full on June 10, 2026.
Following the transaction, Weitman holds 6,762 shares of Nexstar common stock directly and 1,500 PSUs that remain outstanding as derivative equity incentives.
Positive
- None.
Negative
- None.
Insider Trade Summary
750 shares exercised/converted
Mixed
2 txns
Insider
WEITMAN GARY
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 750 | $0.00 | -- |
| Exercise | Common Stock | 750 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,500 shares (Direct, null);
Common Stock — 6,762 shares (Direct, null)
Footnotes (1)
- 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. 3,000 PSUs were awarded on May 23, 2024, of which, 750 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 750 PSUs vested in full on June 10, 2026.
Key Figures
PSUs exercised: 750 units
Original PSU award: 3,000 units
Common shares after transaction: 6,762 shares
+2 more
5 metrics
PSUs exercised
750 units
Vested and converted to common stock on June 10, 2026
Original PSU award
3,000 units
Performance-based RSUs awarded on May 23, 2024
Common shares after transaction
6,762 shares
Direct holdings following June 10, 2026 vesting
Outstanding PSUs after vesting
1,500 units
Remaining performance-based restricted stock units
Annual vesting tranche
750 units
Each anniversary from 2024 award through May 23, 2028
Key Terms
performance-based restricted stock unit, PSU, Compensation Committee, vesting date
4 terms
performance-based restricted stock unit financial
"Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share..."
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
"3,000 PSUs were awarded on May 23, 2024, of which, 750 PSUs vest at each anniversary..."
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.
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
What insider transaction did NXST executive Gary Weitman report?
Gary Weitman reported exercising 750 performance-based restricted stock units into 750 shares of Nexstar common stock. This reflects the vesting of part of a prior equity award tied to company performance and continued service.
How many Nexstar (NXST) PSUs were originally granted to Gary Weitman?
Weitman received 3,000 performance-based restricted stock units on May 23, 2024. These PSUs vest in four equal 750-unit installments each year through May 23, 2028, based on pre-established company performance metrics.
Why did 750 Nexstar (NXST) PSUs vest for Gary Weitman on June 10, 2026?
The 750 PSUs vested after Nexstar’s Compensation Committee determined the performance conditions were satisfied. The award also required Weitman’s continued service through the vesting date, which was met on June 10, 2026.
How do Gary Weitman’s Nexstar (NXST) PSUs vest over time?
The 3,000 PSUs awarded on May 23, 2024 vest in 750-unit tranches on each anniversary through May 23, 2028. Vesting depends on meeting pre-established company performance metrics and Weitman’s continued service through each vesting date.