Biard Michael's Form 4 filing
Nexstar Media Group, Inc. (NXST) · filed May 28, 2025
- Accession no.
- 0000950170-25-078289
- Filed
- May 28, 2025
- Trade date
- May 23-27, 2025
- Filing delay
- 5 days
- Rule 10b5-1 plan
- Not checked
This filing lists 3 non-derivative transactions and 2 derivative transactions. Open-market sales total $378.8K. It was filed 5 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Biard MichaelCIK 0001990398 | Officer (President & COO) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 23, 2025 | Common Stock | MOption exerciseAcquired | +2,500 | $0.00F1,F2 | $0 | 6,292 | Direct | |
| May 23, 2025 | Common Stock | MOption exerciseAcquired | +3,108 | $0.00F1,F3 | $0 | 9,400 | Direct | |
| May 27, 2025 | Common Stock | SSaleDisposed | −2,182 | $173.59 | −$378,773.38 | 7,218 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 23, 2025 | Common Stock | MOption exerciseDisposed | −2,500 | $0.00 | $0 | 7,500 | Direct | |
| May 23, 2025 | Common Stock | MOption exerciseDisposed | −3,108 | $0.00 | $0 | 7,500 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
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 metric.
Referenced by the price of 2 transactions in Table I.
- F2
10,000 RSUs were awarded on May 23, 2024, of which, 2,500 RSUs vest at each anniversary of the award through May 23, 2028.
Referenced by the price of 1 transaction in Table I.
- F3
10,000 target PSUs were awarded on May 23, 2024, of which, 2,500 target PSUs vest at each anniversary of the award through May 23, 2028, subject to the achievement of 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. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions to receive 124.33% of the target number of PSUs were satisfied. Thus, the 2,500 target PSUs that vested on May 23, 2025 were converted into 3,108 shares of Nexstar common stock.
Referenced by the price of 1 transaction in Table I.