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  4. [Form 4] NEXSTAR MEDIA GROUP, INC. Insider Trading Activity

Nexstar (NXST) officer logs RSU vesting and small 261-share tax sale

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

NEXSTAR MEDIA GROUP, INC. officer Gary Weitman reported routine equity compensation activity involving restricted stock units and a related small share sale. On June 14, 2026, 656 time-based restricted stock units converted into 656 shares of common stock at a stated price of $0.0000 per share, reflecting vesting rather than a market purchase. The same day, this RSU vesting came from a larger 2,625-unit award granted on June 14, 2023, which vests in four annual tranches. On June 16, 2026, Weitman sold 261 shares of common stock at an average price of $170.81 per share, with a footnote stating these shares were sold to cover tax withholding obligations from the June 14, 2026 RSU settlement. After these transactions, he directly owns 6,963 shares of Nexstar common stock, while 656 RSUs remain scheduled to vest on June 14, 2027. The pattern reflects compensation-related vesting, a partial tax-related sale, and a continuing equity stake.

Positive

  • None.

Negative

  • None.

Insights

Routine RSU vesting with a small tax-related share sale.

The filing shows time-based RSUs vesting for Nexstar officer Gary Weitman and their conversion into common stock. A four-year RSU grant from June 14, 2023 continues to vest annually, aligning compensation with ongoing service.

The Form 4 also reports an open-market sale of 261 shares at $170.81 per share. Footnote F3 specifies this sale was to cover tax withholding obligations tied to the RSU settlement, indicating a mechanistic liquidity event rather than a discretionary reduction in exposure.

Following the transactions, Weitman directly holds 6,963 shares of common stock and 656 unvested RSUs scheduled to vest on June 14, 2027. This leaves a continuing equity stake and remaining unvested compensation, consistent with standard executive pay structures.

Insider WEITMAN GARY
Role See Remarks
Sold 261 shs ($45K)
Type Security Shares Price Value
Sale Common Stock 261 $170.81 $45K
Exercise Restricted Stock Units 656 $0.00 --
Exercise Common Stock 656 $0.00 --
Holdings After Transaction: Common Stock — 6,963 shares (Direct, null); Restricted Stock Units — 656 shares (Direct, null)
Footnotes (1)
  1. Each time-based 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. 2,625 RSUs were awarded on June 14, 2023, of which, 656, 657 and 656 RSUs vested on June 14, 2024, 2025 and 2026, respectively, and, 656 RSUs will vest on June 14, 2027. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs that vested on June 14, 2026.
Shares sold 261 shares Open-market sale on June 16, 2026
Sale price $170.81 per share Average price for 261 shares sold
Shares owned after transactions 6,963 shares Direct Nexstar common stock holdings post-transaction
RSUs converted 656 units RSUs converting into common stock on June 14, 2026
Original RSU grant 2,625 units Time-based RSUs awarded June 14, 2023
Remaining unvested RSUs 656 units Scheduled to vest on June 14, 2027
Restricted Stock Units financial
"The filing shows 656 time-based restricted stock units converting into 656 shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-based restricted stock unit ("RSU") financial
"Each time-based restricted stock unit ("RSU") is converted into one share"
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
WEITMAN GARY
(Last)(First)(Middle)
545 E. JOHN CARPENTER FREEWAY
SUITE 700
(Street)
IRVING TEXAS 75062
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
NEXSTAR MEDIA GROUP, INC. [ NXST ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/14/2026M656A(1)(2)7,224D
Common Stock06/16/2026S(3)261D$170.816,963D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/14/2026M656 (2) (2)Common Stock656$0656D
Explanation of Responses:
1. Each time-based 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.
2. 2,625 RSUs were awarded on June 14, 2023, of which, 656, 657 and 656 RSUs vested on June 14, 2024, 2025 and 2026, respectively, and, 656 RSUs will vest on June 14, 2027.
3. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs that vested on June 14, 2026.
Remarks:
EVP, Chief Communications Officer
/s/ Mark Hoyla, Attorney-in-Fact for Gary Weitman06/16/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR