other material
confidence high
sentiment neutral
materiality 0.55
Nexstar extends CFO Lee Ann Gliha's employment through Dec 2026; base salary set at $1M
NEXSTAR MEDIA GROUP, INC.
- Employment extended to Dec 31, 2026 with automatic one-year renewals unless 90-day notice.
- Annual base salary of $1,000,000 effective Jan 1, 2024, with discretionary increases by CEO.
- FY2023 bonus fixed at $750,000; starting FY2024 bonus up to 100% of base salary (max 150% with approval).
- Bonus criteria: 50% based on Nexstar exceeding 90% of budgeted net revenue or EBITDA; 50% discretionary.
- Grant of 2,500 restricted stock units on or before Jan 1, 2024, vesting over 3 years.