Director at Nexstar (NXST) converts 1,123 RSUs into common shares

Rhea-AI Filing Summary

Nexstar Media Group director Charles Thomas McMillen exercised restricted stock units that had fully vested and received common shares. On March 24, 2026, 1,123 RSUs converted into 1,123 shares of Common Stock, awarded originally on March 24, 2025. Following this conversion, he holds 6,658 shares of Nexstar common stock directly. This filing reflects a compensation-related equity vesting rather than an open‑market purchase or sale.

Insider Trade Summary

1,123 shares exercised/converted

Mixed 2 txns

Insider McMillen Charles Thomas

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,123	$0.00	--
Exercise	Common Stock	1,123	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 6,658 shares (Direct)

Footnotes (1)

1. 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. 1,123 RSUs were awarded on March 24, 2025, all of which are fully vested on March 24, 2026.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

McMillen Charles Thomas

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/24/2026		M		1,123	A	$0(1)(2)	6,658	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/24/2026		M			1,123	(2)	(2)	Common Stock	1,123	$0	0	D

Explanation of Responses:

1. 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.

2. 1,123 RSUs were awarded on March 24, 2025, all of which are fully vested on March 24, 2026.

	/s/ Mark Hoyla, Attorney-in-Fact for Charles Thomas McMillen	03/25/2026
	** Signature of Reporting Person	Date
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)

FAQ

What insider transaction did Nexstar Media Group (NXST) report for Charles Thomas McMillen?

Nexstar reported that director Charles Thomas McMillen exercised restricted stock units into common shares. On March 24, 2026, 1,123 fully vested RSUs converted into 1,123 shares of Nexstar common stock, increasing his direct holdings to 6,658 shares.

How many Nexstar (NXST) restricted stock units did Charles Thomas McMillen convert?

Charles Thomas McMillen converted 1,123 restricted stock units into common shares. These RSUs were originally awarded on March 24, 2025 and became fully vested on March 24, 2026, triggering the one-for-one conversion into Nexstar common stock.

What does the Form 4 filing indicate about Charles Thomas McMillen’s Nexstar (NXST) share ownership?

The Form 4 shows McMillen now directly owns 6,658 Nexstar common shares. After 1,123 restricted stock units vested and converted into an equal number of shares, his total direct common stock holdings reported in this filing increased to 6,658 shares.

Was the Nexstar (NXST) Form 4 transaction an open-market buy or sell?

No, the transaction was an exercise and conversion of restricted stock units, not an open-market trade. Code “M” indicates derivative exercise, where 1,123 RSUs automatically converted into 1,123 common shares upon vesting, with no market purchase or sale reported.

When did the Nexstar (NXST) restricted stock units for Charles Thomas McMillen vest?

The 1,123 restricted stock units vested on March 24, 2026. Footnotes explain that the RSUs were granted on March 24, 2025 and became fully vested exactly one year later, at which point each unit converted into one share of Nexstar common stock.