Nexstar executive exercises 2,876 PSUs into shares
Rhea-AI Filing Summary
Nexstar Media Group officer Dana Zimmer exercised performance-based stock awards into common shares. On June 8, 2026, 2,876 shares of common stock were acquired through the vesting and conversion of performance-based restricted stock units.
Footnotes explain that 4,000 PSUs granted on May 23, 2024 vest in four annual tranches of 1,000 units, with the 1,000-unit tranche vesting in full on June 8, 2026 after the Compensation Committee confirmed performance conditions were met. Separate PSU grants of 3,750 units from June 3, 2022 and June 14, 2023 each had 938 PSUs vesting on June 8, 2026 following a similar performance assessment. After these transactions, Zimmer directly holds 6,653 shares of Nexstar common stock.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 2,876 shares
Net Buy
6 txns
Insider
ZIMMER DANA
Role
See Remarks
| 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 |
Holdings After Transaction:
Restricted Stock Units — 2,937 shares (Direct);
Common Stock — 6,653 shares (Direct)
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
Shares acquired via PSU vesting: 2,876 shares
Post-transaction common shares: 4,777 shares
2024 PSU award size: 4,000 PSUs
+4 more
7 metrics
Shares acquired via PSU vesting
2,876 shares
Common stock acquired on June 8, 2026 through PSU exercises
Post-transaction common shares
4,777 shares
Direct Nexstar common stock holdings after June 8, 2026 transactions
2024 PSU award size
4,000 PSUs
Performance-based units awarded on May 23, 2024
2024 PSU annual vesting tranche
1,000 PSUs
Tranche vesting at each anniversary from 2024 through 2028
2022 PSU award size
3,750 PSUs
Performance-based units awarded on June 3, 2022
2023 PSU award size
3,750 PSUs
Performance-based units awarded on June 14, 2023
2026 PSU tranches vested
1,000 + 938 + 938 PSUs
PSU tranches from 2024, 2022 and 2023 awards vested June 8, 2026
Key Terms
performance-based restricted stock unit, PSU, Compensation Committee, vesting, +1 more
5 terms
performance-based restricted stock unit financial
"Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Nexstar's common stock"
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
"4,000 PSUs were awarded on May 23, 2024, of which, 1,000 PSUs vest at each anniversary of the award"
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 financial
"Thus, the 1,000 PSUs vested in full on June 8, 2026."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continued service 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 Dana Zimmer report at Nexstar Media Group (NXST)?
Dana Zimmer reported exercises of performance-based restricted stock units into Nexstar common stock. On June 8, 2026, 2,876 shares were acquired as PSUs vested, reflecting compensation-based equity awards rather than an open-market stock purchase or sale.
How many performance-based restricted stock units vested for Dana Zimmer at Nexstar (NXST)?
A total of 2,876 performance-based restricted stock units vested into common shares for Dana Zimmer. This includes 1,000 PSUs from a May 23, 2024 award and 938-PSU tranches from each of June 3, 2022 and June 14, 2023 grants, after meeting performance conditions.
What are the terms of Dana Zimmer’s May 23, 2024 PSU award at Nexstar (NXST)?
The May 23, 2024 award consists of 4,000 performance-based restricted stock units, with 1,000 units vesting on each anniversary through May 23, 2028. Vesting requires achieving pre-established company performance metrics and Zimmer’s continued service through the applicable vesting dates.
How did Nexstar’s Compensation Committee affect Dana Zimmer’s PSU vesting?
Nexstar’s Compensation Committee assessed whether pre-established performance metrics were achieved for Zimmer’s PSU awards. After determining conditions were satisfied, they allowed specific tranches, including 1,000 and 938-unit portions from multiple grants, to vest in full on June 8, 2026.
What is a performance-based restricted stock unit (PSU) in the Nexstar (NXST) filing?
Each performance-based restricted stock unit represents a contingent right to receive one Nexstar common share. The units convert into shares only if specified company performance metrics are achieved and the reporting person remains in service until the relevant vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
