Nexstar president nets 938 shares, sells 746
Nexstar Media Group President, Broadcasting Andrew Alford reported routine equity compensation activity involving restricted stock units and a related sale of common stock.
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Rhea-AI Filing Summary
Nexstar Media Group President, Broadcasting Andrew Alford reported routine equity compensation activity involving restricted stock units and a related sale of common stock. On June 14, 2026, 938 time-based RSUs converted into 938 shares of common stock at a conversion price of $0.00 per share.
On June 16, 2026, Alford sold 746 shares of common stock at $170.81 per share. Footnotes state this sale was made to cover tax withholding obligations tied to performance-based RSUs and time-based RSUs that vested on June 8 and June 14, 2026. After these transactions, he directly owned 14,549 common shares and 937 unvested RSUs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 746 | $170.81 | $127K |
| Exercise | Restricted Stock Units | 938 | $0.00 | $0.00 |
| Exercise | Common Stock | 938 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. 3,750 RSUs were awarded on June 14, 2023, of which, 938, 937 and 938 RSUs vested on June 14, 2024, 2025 and 2026, respectively, and, 937 RSUs will vest on June 14, 2027.
- F3. 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 performance-based restricted stock units and RSUs that vested on June 8, 2026 and June 14, 2026, respectively.
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