Biard Michael bought NXST
June 8, 2026 · Form 4 insider transaction
Biard Michael bought 3,108 shares of Nexstar Media Group, Inc., a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Each performance-based restricted stock unit ("PSU") represents a contingent 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 and Reporting Person's continued service through the applicable vesting date.; 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 were vested and converted into 3,108 shares of Nexstar common stock on June 8, 2026.