Biard Michael 4

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.