Morgan Rachel 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
NEXSTAR (NXST) EVP Rachel Morgan Receives 2,250 RSU Award
What Happened
Rachel Morgan, Nexstar Media Group's Executive Vice President and General Counsel, received a grant of 2,250 restricted stock units (RSUs) on March 19, 2026. The award is reported as a derivative acquisition (code A) with a reported price of $0.00 — RSUs convert one-for-one into common shares upon vesting and are a form of compensation rather than an open-market purchase.
Key Details
- Transaction date: March 19, 2026; Form 4 filed March 23, 2026 (timely filing).
- Award: 2,250 RSUs granted at $0.00 (derivative award).
- Vesting: 750 RSUs vest on each anniversary of the award through March 19, 2029 (three annual tranches).
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 confirms 1 RSU = 1 share at vesting subject to continued service; F2 details the 750-per-year vesting schedule.
- No 10b5-1 plan, tax-withholding, or sale information reported in this filing.
Context
RSU grants are common compensation for executives and indicate potential future dilution when they vest and convert to shares; they do not represent an immediate purchase or sale. Because the RSUs vest over time and require continued service, they primarily reflect compensation/retention considerations rather than an immediate trading signal.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-19+2,250→ 2,250 total→ Common Stock (2,250 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]2,250 RSUs were awarded on March 19, 2026, of which 750 RSUs vest at each anniversary of the award through March 19, 2029.