Nexstar (NXST) CFO sells 752 shares to cover RSU-related tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nexstar Media Group EVP and CFO Lee Ann Gliha reported selling 752 shares of common stock at $176.417 per share on June 10, 2026. According to the disclosure, the sale was made to cover tax withholding obligations tied to performance-based restricted stock units that vested on June 6, 2026. After this compensation-related transaction, she directly holds 19,510 shares of Nexstar common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 752 shares ($132,666)
Net Sell
1 txn
Insider
Gliha Lee Ann
Role
EVP, Chief Financial Officer
Sold
752 shs ($133K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 752 | $176.417 | $133K |
Holdings After Transaction:
Common Stock — 19,510 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 752 shares
Sale price per share: $176.417 per share
Shares held after transaction: 19,510 shares
+1 more
4 metrics
Shares sold
752 shares
Common stock sold on June 10, 2026
Sale price per share
$176.417 per share
Open-market sale to cover tax withholding
Shares held after transaction
19,510 shares
Direct ownership after June 10, 2026 sale
Net shares sold
752 shares
Net change in position from this Form 4
Key Terms
performance-based restricted stock units, tax withholding obligations, Form 4
3 terms
performance-based restricted stock units financial
"in connection with the settlement of performance-based restricted stock units that vested on June 6, 2026"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax withholding obligations financial
"represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement"
Form 4 regulatory
"The sale reported on this Form 4 represents shares sold by the Reporting Person"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Nexstar (NXST) CFO Lee Ann Gliha report in this Form 4?
She reported selling 752 shares of Nexstar common stock at $176.417 per share. The transaction occurred on June 10, 2026 and was disclosed as part of her required insider trading reporting obligations.