STOCK TITAN
  1. Home
  2. Sec-filings
  3. NXST
  4. [Form 4] NEXSTAR MEDIA GROUP, INC. Insider Trading Activity

Nexstar (NXST) executive gets 750 shares as performance RSUs vest

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

Rhea-AI Filing Summary

NEXSTAR MEDIA GROUP, INC. executive Brett Jenkins exercised performance-based restricted stock units into common shares as part of his compensation. On June 6, 2026, 750 performance-based RSUs vested after Nexstar’s Compensation Committee confirmed pre-set company performance goals were met and service conditions satisfied.

The exercise delivered 750 shares of common stock, bringing Jenkins’ direct common stock holdings to 28,727 shares. He also holds 1,500 performance-based RSUs following the transaction, from a 3,000-PSU award granted on May 23, 2024, scheduled to vest in 750-unit tranches annually through May 23, 2028 if performance conditions continue to be achieved.

Positive

  • None.

Negative

  • None.

Insights

Routine PSU vesting and share issuance as part of ongoing compensation.

Brett Jenkins received 750 common shares when an equal number of performance-based RSUs vested after Nexstar’s Compensation Committee confirmed required performance metrics were met. This reflects standard equity incentive design, aligning compensation with multi-year company performance and continued service.

The filing shows 3,000 PSUs granted in May 2024, vesting in 750-unit annual tranches through May 2028, with 1,500 PSUs remaining after this vesting. There were no open-market buys or sales, so the economic signal is limited and primarily compensation-related.

Insider Jenkins Brett
Role See Remarks
Type Security Shares Price Value
Exercise Restricted Stock Units 750 $0.00 --
Exercise Common Stock 750 $0.00 --
Holdings After Transaction: Restricted Stock Units — 1,500 shares (Direct, null); Common Stock — 28,727 shares (Direct, null)
Footnotes (1)
  1. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Nexstar's common stock, subject to the achievement of pre-established company performance metrics and Reporting Person's continued service through the applicable vesting date. 3,000 PSUs were awarded on May 23, 2024, of which, 750 PSUs vest at each anniversary of the award through May 23, 2028, subject to the achievement of pre-established company performance metric. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied. Thus, the 750 PSUs vested in full on June 6, 2026.
Common shares acquired 750 shares PSUs vested and converted on June 6, 2026
Common shares held after transaction 28,727 shares Direct ownership following June 6, 2026 transaction
PSUs granted 3,000 units Performance-based RSU award on May 23, 2024
PSUs vesting per year 750 units Annual vesting through May 23, 2028, subject to metrics
PSUs remaining after vesting 1,500 units Outstanding performance-based RSUs after June 6, 2026 vest
Exercise price of PSUs $0.00 per unit Performance-based RSUs convert to common stock at no cash cost
performance-based restricted stock unit financial
"Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Nexstar's common stock"
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
PSU financial
"3,000 PSUs were awarded on May 23, 2024, of which, 750 PSUs vest at each anniversary of the award"
A PSU is a company where the government owns a controlling stake and often plays a direct role in its management and strategy. Think of it like a business that operates with public oversight, similar to a town-run utility versus a private neighborhood service. Investors watch PSUs differently because government involvement can affect profits, dividend policies, regulatory treatment and stability, so these stocks may behave more like policy instruments than pure market-driven enterprises.
vesting date financial
"subject to the achievement of pre-established company performance metrics and Reporting Person's continued service through the applicable vesting date"
Compensation Committee financial
"The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
pre-established company performance metrics financial
"subject to the achievement of pre-established company performance metrics and Reporting Person's continued service"
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
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*
Jenkins Brett
(Last)(First)(Middle)
C/O NEXSTAR MEDIA GROUP, INC.
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)
06/06/2026		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 Stock06/06/2026M750A(1)(2)28,727D
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)06/06/2026M750 (2) (2)Common Stock750$01,500D
Explanation of Responses:
1. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Nexstar's common stock, subject to the achievement of pre-established company performance metrics and Reporting Person's continued service through the applicable vesting date.
2. 3,000 PSUs were awarded on May 23, 2024, of which, 750 PSUs vest at each anniversary of the award through May 23, 2028, subject to the achievement of pre-established company performance metric. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied. Thus, the 750 PSUs vested in full on June 6, 2026.
Remarks:
EVP, Chief Technology & Digital Officer
/s/ Mark Hoyla, Attorney-in-Fact for Brett Jenkins06/09/2026
** 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

FAQ

What did Nexstar (NXST) executive Brett Jenkins report in this Form 4?

Brett Jenkins reported the vesting and exercise of 750 performance-based restricted stock units into common stock. These units vested after Nexstar’s Compensation Committee confirmed performance goals were met and service conditions satisfied, resulting in the issuance of 750 Nexstar common shares to Jenkins.

How many Nexstar (NXST) shares does Brett Jenkins hold after this transaction?

After the transaction, Brett Jenkins directly holds 28,727 shares of Nexstar common stock. This reflects the addition of 750 newly issued shares from vested performance-based restricted stock units, as disclosed in the Form 4’s post-transaction ownership figures.

What are the terms of Brett Jenkins’s performance-based RSU award at Nexstar (NXST)?

Jenkins received 3,000 performance-based RSUs on May 23, 2024, vesting in 750-unit installments on each anniversary through May 23, 2028. Vesting occurs only if pre-established company performance metrics are achieved and Jenkins remains in service through each applicable vesting date.

How many performance-based RSUs remain outstanding for Brett Jenkins at Nexstar (NXST)?

Following the June 6, 2026 vesting, Jenkins holds 1,500 performance-based restricted stock units. These remaining PSUs are scheduled to vest in future 750-unit annual tranches, subject to Nexstar meeting pre-set performance goals and his continued service with the company.

Was Brett Jenkins’s Nexstar (NXST) Form 4 an open-market stock purchase or sale?

The Form 4 does not show any open-market purchase or sale. It records an option-like exercise of 750 performance-based restricted stock units into common stock as compensation, rather than a discretionary buy or sell transaction in the public market.

What performance conditions applied to Brett Jenkins’s Nexstar (NXST) PSUs?

Each performance-based RSU represents a right to one share of common stock, contingent on achieving pre-established company performance metrics and continued service. Nexstar’s Compensation Committee evaluated these metrics and determined conditions were satisfied for the 750 PSUs that vested on June 6, 2026.