Large RSU and PSU grants for Nexstar (NXST) CEO Perry Sook detailed
Rhea-AI Filing Summary
Nexstar Media Group CEO Perry A. Sook reported multiple equity compensation transactions involving restricted stock units (RSUs), performance stock units (PSUs), and common stock. On March 1–2, 2026, several RSU and PSU awards vested and were converted into Nexstar common shares.
The filing shows 37,612 RSUs from a March 1, 2024 grant vesting on each of March 1, 2025 and March 1, 2026, and related PSUs converting into 45,259 common shares on each of those dates after the Compensation Committee determined 120.33% of the target was earned. New grants on March 2, 2026 include 40,446 RSUs, vesting in three equal annual installments, and 60,670 target PSUs that may pay out between 0% and 200% in 2029 based on performance. A tax-withholding disposition of 46,544 common shares at $247.24 per share was used to cover obligations. The filing also notes 975,956 common shares held indirectly through PS Sook Ltd., beneficially owned by Mr. Sook and his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 36,950 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 40,446 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 60,670 | $0.00 | -- |
| Exercise | Common Stock | 36,950 | $0.00 | -- |
| Tax Withholding | Common Stock | 46,544 | $247.24 | $11.51M |
| Exercise | Restricted Stock Units | 37,612 | $0.00 | -- |
| Exercise | Restricted Stock Units | 37,612 | $0.00 | -- |
| Exercise | Common Stock | 37,612 | $0.00 | -- |
| Exercise | Common Stock | 45,259 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock at the vesting date. Each Performance-based restricted stock unit ("PSU") represents the right to receive, following vesting, between 0% and 200% of one share of Nexstar's Common Stock, subject to the level of achievement of pre-established company performance metrics. 75,224 RSUs were awarded on March 1, 2024, of which 37,612 RSUs vested each on March 1, 2025 and March 1, 2026. 75,224 target PSUs were awarded on March 1, 2024. The number of shares of Nexstar's Common Stock that may be earned is between 0% and 200% of the target number of PSUs. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions to receive 120.33% of the target number of PSUs were satisfied. Thus, the 37,612 target PSUs that vested on March 1, 2025, and again on March 1, 2026, were each converted into 45,259 shares of Nexstar common stock. 73,899 RSUs were awarded on March 1, 2025, of which 36,950 RSUs vested on March 2, 2026 and 36,949 RSUs vest on March 3, 2027. The 975,956 shares of common stock owned by PS Sook Ltd., of which Mr. Sook and his spouse are the beneficial owners. The RSUs/PSUs have no expiration and are subject to accelerated vesting in the event of termination of the Reporting Person's employment under certain circumstances, including change in control, a reason by the Company other than for cause, or for good reason. 40,446 RSUs were awarded on March 2, 2026, of which 13,482 RSUs vest at each anniversary of the award through March 2, 2029. 60,670 target PSUs were awarded on March 2, 2026 which vest in full on March 2, 2029, subject to the achievement of the pre-established company performance metric. The number of shares of Nexstar's Common Stock that may be earned is between 0% and 200% of the target number of PSUs.
