[Form 4] Nexstar Media Group, Inc. Insider Trading Activity
Michael Biard, President & COO of Nexstar Media Group (NXST), reported insider transactions dated 08/21/2025. He had 6,250 time-based RSUs vest and those RSUs converted into 6,250 shares of common stock at no cost, bringing his total direct beneficial ownership to 13,468 shares after the acquisition. Separately, he disposed of 2,460 shares at a price of $204.84, leaving him with 11,008 shares held directly.
The filing notes the original award was 25,000 RSUs granted on August 21, 2023, with 6,250 RSUs vesting each anniversary through August 21, 2027. The RSUs do not expire but unvested portions are forfeited if employment terminates for reasons other than a change in control. The form was signed by an attorney-in-fact on 08/22/2025.
Michael Biard, Presidente e COO di Nexstar Media Group (NXST), ha comunicato operazioni di insider datate 21/08/2025. Sono maturate 6.250 RSU basate sul tempo, convertite in 6.250 azioni ordinarie senza alcun costo, portando la sua partecipazione diretta a 13.468 azioni dopo l鈥檃cquisizione. Separatamente, ha ceduto 2.460 azioni al prezzo di $204,84, rimanendo con 11.008 azioni detenute direttamente.
La dichiarazione specifica che il premio originario era di 25.000 RSU concesse il 21 agosto 2023, con 6.250 RSU che maturano ogni anniversario fino al 21 agosto 2027. Le RSU non scadono, ma le quote non maturate vengono perse se l鈥檌mpiego termina per motivi diversi da un cambio di controllo. Il modulo 猫 stato firmato per procura il 22/08/2025.
Michael Biard, presidente y COO de Nexstar Media Group (NXST), inform贸 transacciones de insiders con fecha 21/08/2025. Vencieron 6.250 RSU basadas en tiempo, que se convirtieron en 6.250 acciones ordinarias sin coste, elevando su participaci贸n directa a 13.468 acciones tras la conversi贸n. De forma separada, dispuso de 2.460 acciones a un precio de $204,84, dej谩ndole 11.008 acciones en posesi贸n directa.
La presentaci贸n indica que la concesi贸n original fue de 25.000 RSU otorgadas el 21 de agosto de 2023, con 6.250 RSU que vencen en cada aniversario hasta el 21 de agosto de 2027. Las RSU no caducan, pero las porciones no devengadas se pierden si la relaci贸n laboral termina por causas distintas a un cambio de control. El formulario fue firmado por apoderado el 22/08/2025.
毵堨澊韥� 牍勳晞毳措摐, 雱レ姢韮� 氙鸽敂鞏� 攴鸽９(NXST) 靷灔 瓴� COO電� 2025雲� 8鞗� 21鞚检瀽 雮措秬鞛� 瓯半灅毳� 氤搓碃頄堨姷雼堧嫟. 6,250臧滌潣 旮瓣皠 旮半皹 RSU臧� 氩犾姢韺呺悩鞏� 牍勳毄 鞐嗢澊 6,250欤� 氤错喌欤茧 鞝勴櫂霅橃棃瓿�, 鞚措鞃� 鞚胳垬 頉� 攴胳潣 歆侅爲 氤挫湢 欤检嫕鞚� 13,468欤�臧� 霅橃棃鞀惦媹雼�. 氤勲弰搿� 攴鸽姅 2,460欤�毳� 欤茧嫻 $204.84鞐� 觳橂秳頃橃棳 歆侅爲 氤挫湢 欤检嫕鞚� 11,008欤�臧� 雮晿鞀惦媹雼�.
鞁犼碃靹滌棎電� 鞗愲灅 靾橃棳臧� 2023雲� 8鞗� 21鞚检棎 攵�鞐悳 25,000 RSU鞓�鞙茧┌, 6,250 RSU臧� 毵る厔 旮绊暅毵堧嫟 2027雲� 8鞗� 21鞚缄箤歆� 氩犾姢韺呺悳雼り碃 旮办灛霅橃柎 鞛堨姷雼堧嫟. RSU電� 毵岆霅橃 鞎婌毵�, 牍勲矤鞀ろ姼霅� 攵�攵勳潃 歆�氚瓣秾 氤�瓴届澊 鞎勲媽 靷湢搿� 瓿犾毄鞚� 膦呺霅橂┐ 氇办垬霅╇媹雼�. 靹滊電� 2025雲� 8鞗� 22鞚� 雽�毽澑鞐� 鞚橅暣 靹滊獏霅橃棃鞀惦媹雼�.
Michael Biard, pr茅sident et COO de Nexstar Media Group (NXST), a d茅clar茅 des transactions d'initi茅s dat茅es du 21/08/2025. 6 250 RSU li茅es au temps ont acquis le droit de conversion et ont 茅t茅 converties en 6 250 actions ordinaires sans co没t, portant sa d茅tention directe 脿 13 468 actions apr猫s conversion. Par ailleurs, il a c茅d茅 2 460 actions au prix de 204,84 $, lui laissant 11 008 actions d茅tenues en direct.
Le d茅p么t pr茅cise que l鈥檃ttribution initiale 茅tait de 25 000 RSU accord茅es le 21 ao没t 2023, avec 6 250 RSU acquises 脿 chaque anniversaire jusqu鈥檃u 21 ao没t 2027. Les RSU n'expirent pas, mais les portions non acquises sont perdues si l鈥檈mploi prend fin pour des raisons autres qu鈥檜n changement de contr么le. Le formulaire a 茅t茅 sign茅 par un mandataire le 22/08/2025.
Michael Biard, Pr盲sident und COO von Nexstar Media Group (NXST), meldete Insider-Transaktionen vom 21.08.2025. 6.250 zeitgebundene RSUs sind vesting-reif geworden und wurden kostenfrei in 6.250 Stammaktien umgewandelt, womit sein direktes wirtschaftliches Eigentum nach der Umwandlung 13.468 Aktien betr盲gt. Separat ver盲u脽erte er 2.460 Aktien zu einem Preis von $204,84 und h盲lt damit direkt noch 11.008 Aktien.
Die Einreichung weist aus, dass die urspr眉ngliche Zuweisung 25.000 RSUs am 21. August 2023 betrug, wobei jeweils 6.250 RSUs an jedem Jahrestag bis zum 21. August 2027 vesten. Die RSUs verfallen nicht, unvestete Anteile gehen jedoch verloren, wenn das Arbeitsverh盲ltnis aus anderen Gr眉nden als einer Kontroll盲nderung endet. Das Formular wurde am 22.08.2025 von einem Bevollm盲chtigten unterzeichnet.
- 6,250 RSUs vested and converted to common stock, increasing direct ownership to 13,468 shares
- Disclosure includes forfeiture terms and vesting schedule from the original 25,000 RSU award, adding transparency
- 2,460 shares were sold at $204.84, reducing direct holdings to 11,008 shares
Insights
TL;DR: Routine vesting and a small sale, indicating scheduled compensation realization rather than an unusual market signal.
The transaction shows scheduled vesting of time-based RSUs and a contemporaneous sale of common shares. The converted 6,250 RSUs increased direct ownership while the 2,460-share sale at $204.84 reduced holdings, netting a modest increase from vesting. This pattern is consistent with executives monetizing a portion of holdings upon vesting to cover taxes or diversify, rather than a material shift in ownership or control. No new grants, change-in-control provisions exercised, or unusually large disposals are disclosed.
TL;DR: Standard compensation vesting and sale; disclosures align with Section 16 requirements and include forfeiture terms.
The filing appropriately discloses the scheduled vesting of RSUs awarded in 2023 and the mechanics: conversion one-for-one, no expiration, and forfeiture upon termination outside a change in control. The presence of an attorney-in-fact signature is routine. From a governance perspective, the filing presents transparent, timely reporting with no indications of policy deviations or insider trading irregularities based on the disclosed data alone.
Michael Biard, Presidente e COO di Nexstar Media Group (NXST), ha comunicato operazioni di insider datate 21/08/2025. Sono maturate 6.250 RSU basate sul tempo, convertite in 6.250 azioni ordinarie senza alcun costo, portando la sua partecipazione diretta a 13.468 azioni dopo l鈥檃cquisizione. Separatamente, ha ceduto 2.460 azioni al prezzo di $204,84, rimanendo con 11.008 azioni detenute direttamente.
La dichiarazione specifica che il premio originario era di 25.000 RSU concesse il 21 agosto 2023, con 6.250 RSU che maturano ogni anniversario fino al 21 agosto 2027. Le RSU non scadono, ma le quote non maturate vengono perse se l鈥檌mpiego termina per motivi diversi da un cambio di controllo. Il modulo 猫 stato firmato per procura il 22/08/2025.
Michael Biard, presidente y COO de Nexstar Media Group (NXST), inform贸 transacciones de insiders con fecha 21/08/2025. Vencieron 6.250 RSU basadas en tiempo, que se convirtieron en 6.250 acciones ordinarias sin coste, elevando su participaci贸n directa a 13.468 acciones tras la conversi贸n. De forma separada, dispuso de 2.460 acciones a un precio de $204,84, dej谩ndole 11.008 acciones en posesi贸n directa.
La presentaci贸n indica que la concesi贸n original fue de 25.000 RSU otorgadas el 21 de agosto de 2023, con 6.250 RSU que vencen en cada aniversario hasta el 21 de agosto de 2027. Las RSU no caducan, pero las porciones no devengadas se pierden si la relaci贸n laboral termina por causas distintas a un cambio de control. El formulario fue firmado por apoderado el 22/08/2025.
毵堨澊韥� 牍勳晞毳措摐, 雱レ姢韮� 氙鸽敂鞏� 攴鸽９(NXST) 靷灔 瓴� COO電� 2025雲� 8鞗� 21鞚检瀽 雮措秬鞛� 瓯半灅毳� 氤搓碃頄堨姷雼堧嫟. 6,250臧滌潣 旮瓣皠 旮半皹 RSU臧� 氩犾姢韺呺悩鞏� 牍勳毄 鞐嗢澊 6,250欤� 氤错喌欤茧 鞝勴櫂霅橃棃瓿�, 鞚措鞃� 鞚胳垬 頉� 攴胳潣 歆侅爲 氤挫湢 欤检嫕鞚� 13,468欤�臧� 霅橃棃鞀惦媹雼�. 氤勲弰搿� 攴鸽姅 2,460欤�毳� 欤茧嫻 $204.84鞐� 觳橂秳頃橃棳 歆侅爲 氤挫湢 欤检嫕鞚� 11,008欤�臧� 雮晿鞀惦媹雼�.
鞁犼碃靹滌棎電� 鞗愲灅 靾橃棳臧� 2023雲� 8鞗� 21鞚检棎 攵�鞐悳 25,000 RSU鞓�鞙茧┌, 6,250 RSU臧� 毵る厔 旮绊暅毵堧嫟 2027雲� 8鞗� 21鞚缄箤歆� 氩犾姢韺呺悳雼り碃 旮办灛霅橃柎 鞛堨姷雼堧嫟. RSU電� 毵岆霅橃 鞎婌毵�, 牍勲矤鞀ろ姼霅� 攵�攵勳潃 歆�氚瓣秾 氤�瓴届澊 鞎勲媽 靷湢搿� 瓿犾毄鞚� 膦呺霅橂┐ 氇办垬霅╇媹雼�. 靹滊電� 2025雲� 8鞗� 22鞚� 雽�毽澑鞐� 鞚橅暣 靹滊獏霅橃棃鞀惦媹雼�.
Michael Biard, pr茅sident et COO de Nexstar Media Group (NXST), a d茅clar茅 des transactions d'initi茅s dat茅es du 21/08/2025. 6 250 RSU li茅es au temps ont acquis le droit de conversion et ont 茅t茅 converties en 6 250 actions ordinaires sans co没t, portant sa d茅tention directe 脿 13 468 actions apr猫s conversion. Par ailleurs, il a c茅d茅 2 460 actions au prix de 204,84 $, lui laissant 11 008 actions d茅tenues en direct.
Le d茅p么t pr茅cise que l鈥檃ttribution initiale 茅tait de 25 000 RSU accord茅es le 21 ao没t 2023, avec 6 250 RSU acquises 脿 chaque anniversaire jusqu鈥檃u 21 ao没t 2027. Les RSU n'expirent pas, mais les portions non acquises sont perdues si l鈥檈mploi prend fin pour des raisons autres qu鈥檜n changement de contr么le. Le formulaire a 茅t茅 sign茅 par un mandataire le 22/08/2025.
Michael Biard, Pr盲sident und COO von Nexstar Media Group (NXST), meldete Insider-Transaktionen vom 21.08.2025. 6.250 zeitgebundene RSUs sind vesting-reif geworden und wurden kostenfrei in 6.250 Stammaktien umgewandelt, womit sein direktes wirtschaftliches Eigentum nach der Umwandlung 13.468 Aktien betr盲gt. Separat ver盲u脽erte er 2.460 Aktien zu einem Preis von $204,84 und h盲lt damit direkt noch 11.008 Aktien.
Die Einreichung weist aus, dass die urspr眉ngliche Zuweisung 25.000 RSUs am 21. August 2023 betrug, wobei jeweils 6.250 RSUs an jedem Jahrestag bis zum 21. August 2027 vesten. Die RSUs verfallen nicht, unvestete Anteile gehen jedoch verloren, wenn das Arbeitsverh盲ltnis aus anderen Gr眉nden als einer Kontroll盲nderung endet. Das Formular wurde am 22.08.2025 von einem Bevollm盲chtigten unterzeichnet.
FAQ
What insider transactions did NXST President & COO Michael Biard report on 08/21/2025?
How many RSUs were originally awarded to Michael Biard and what is the vesting schedule?
What is Michael Biard's beneficial ownership after the reported transactions?
Do the RSUs have an expiration date or forfeiture conditions?
Who signed the Form 4 for Michael Biard and when?
