Nexstar Media Group (NXST) EVP sells 185 shares after RSU vesting
Rhea-AI Filing Summary
Nexstar Media Group EVP and General Counsel Rachel Morgan reported routine equity compensation activity. On May 23, 2026, 750 restricted stock units converted into the same number of common shares at a stated price of $0.0000, reflecting the vesting of part of a 3,000-RSU grant awarded on May 23, 2024.
On May 27, 2026, Morgan sold 185 shares of common stock at $187.3214 per share. A footnote explains these shares were sold to cover tax withholding obligations tied to the RSU settlement. After these transactions, she holds 565 common shares directly and 1,500 RSUs that continue to vest annually through May 23, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Morgan Rachel
Role
EVP General Counsel
Sold
185 shs ($35K)
Approx. gross sale proceeds
$35K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 185 | $187.3214 | $35K |
| Exercise | Restricted Stock Units | 750 | $0.00 | -- |
| Exercise | Common Stock | 750 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,500 shares (Direct);
Common Stock — 565 shares (Direct)
Footnotes (1)
- 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. 3,000 RSUs were awarded on May 23, 2024, of which, 750 RSUs vest at each anniversary of the award through May 23, 2028. 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: 185 shares
Sale price: $187.3214 per share
Shares held after sale: 565 shares
+4 more
7 metrics
Shares sold
185 shares
Common stock sold on May 27, 2026
Sale price
$187.3214 per share
Price for 185 common shares sold
Shares held after sale
565 shares
Common stock directly owned post-transaction
RSUs vested
750 RSUs
RSUs converted to common stock on May 23, 2026
Original RSU grant
3,000 RSUs
Awarded May 23, 2024
Annual RSU vesting
750 RSUs per year
Each anniversary through May 23, 2028
RSUs remaining
1,500 RSUs
Outstanding after the reported vesting
Key Terms
Restricted Stock Units, time-based restricted stock unit, tax withholding obligations, derivative security
4 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"
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Nexstar (NXST) report for EVP Rachel Morgan?
Nexstar reported that EVP General Counsel Rachel Morgan had 750 RSUs convert into common stock and sold 185 common shares. The sale was specifically to cover tax withholding obligations related to the RSU vesting on May 23, 2026.
What RSU award is involved in Rachel Morgan’s Nexstar (NXST) Form 4 filing?
The filing explains that 3,000 RSUs were awarded on May 23, 2024. Of these, 750 RSUs vest on each anniversary of the award through May 23, 2028, with 750 RSUs converting into common stock as part of the reported transactions.