Equity awards vest for Nexstar (NXST) executive amid tax-driven share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nexstar Media Group officer Dana Zimmer reported equity award vesting and related share sales. On March 24, 2026, 1,000 time-based RSUs and 750 performance-based RSUs vested, with the performance units settling at 104.54% of target, converting into 784 shares of common stock. On March 24 and 25, she sold a total of 5,248 shares of common stock in open-market transactions at prices around $218–$225 per share, with a footnote stating these sales were made to cover tax withholding obligations on the vested RSUs and PSUs. Following the transactions, Zimmer directly holds 2,737 shares of Nexstar common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,248 shares ($1,177,578)
Net Sell
6 txns
Insider
ZIMMER DANA
Role
See Remarks
Sold
5,248 shs ($1.18M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 839 | $218.5318 | $183K |
| Exercise | Restricted Stock Units | 1,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 750 | $0.00 | -- |
| Exercise | Common Stock | 1,000 | $0.00 | -- |
| Exercise | Common Stock | 784 | $0.00 | -- |
| Sale | Common Stock | 4,409 | $225.50 | $994K |
Holdings After Transaction:
Common Stock — 2,737 shares (Direct);
Restricted Stock Units — 2,000 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 March 24, 2025, of which 1,000 RSUs vest at each anniversary date of the award through March 24, 2028. Each Performance-based restricted stock unit ("PSU") represents the right to receive, following vesting, between 0% and 150% of one share of Nexstar's Common Stock, subject to the level of achievement of pre-established company performance metrics and Reporting Person's continued service through the applicable vesting date. 3,000 target PSUs were awarded on March 24, 2025, of which 750, 750 and 1,500 PSUs vest on March 24, 2026, 2027 and 2028, respectively, subject to the achievement of the pre-established company performance metrics. The number of shares of Nexstar's common stock that may be earned is between 0% and 150% 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 104.54% of the target number of PSUs were satisfied. Thus, the 750 target PSUs that vested on March 24, 2026 were converted into 784 shares of Nexstar common stock. 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 and PSUs that vested on March 24, 2026.
FAQ
What insider transactions did Dana Zimmer report at Nexstar (NXST)?
Dana Zimmer reported RSU and PSU vesting plus related share sales. 1,000 time-based RSUs and 750 performance-based units vested, converting into 1,784 common shares, followed by sales of 5,248 shares in open-market transactions to satisfy tax withholding obligations.
What equity awards vested for Dana Zimmer at Nexstar (NXST)?
1,000 time-based RSUs and 750 performance-based RSUs vested for Dana Zimmer. The Compensation Committee determined performance at 104.54% of target, so the 750 performance units settled into 784 Nexstar common shares upon vesting, as detailed in the Form 4 footnotes.
How were performance-based RSUs determined in Dana Zimmer’s Nexstar (NXST) award?
3,000 target performance-based RSUs were granted, with 750 scheduled to vest on March 24, 2026. The Compensation Committee assessed company performance at 104.54% of target, so those 750 units converted into 784 shares of Nexstar common stock upon vesting.