Biard Michael 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Nexstar (NXST) President & COO Michael Biard Receives Award
What Happened Michael Biard, President & COO of Nexstar Media Group (NXST), received a grant of 7,500 restricted stock units (RSUs) on March 19, 2026. The RSUs were reported as a derivative acquisition at a $0 per-unit price (typical for awards); no cash changed hands. This is a stock award (compensation), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-19. Report filed with the SEC on 2026-03-23 (timely).
- Transaction type/code: Award/Grant (A). Reported acquisition: 7,500 RSUs at $0.00 per RSU.
- Vesting schedule (footnote): 7,500 RSUs total; 2,500 RSUs vest on each anniversary of the award through March 19, 2029.
- RSU conversion (footnote): Each RSU converts into one share of Nexstar common stock upon vesting, subject to continued service.
- Shares owned after transaction: Not specified in the provided filing.
- No sale, tax‑withholding, or 10b5‑1 plan information was reported with this transaction.
Context RSU grants are a common form of executive compensation and represent a future right to shares if the recipient remains employed through the vesting dates. Because these are awards (not purchases), they do not directly indicate the insider buying or selling stock; they reflect compensation policy and retention incentives.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-19+7,500→ 7,500 total→ Common Stock (7,500 underlying)
Footnotes (2)
- [F1]Each 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.
- [F2]7,500 RSUs were awarded on March 19, 2026, of which 2,500 RSUs vest at each anniversary of the award through March 19, 2029.