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

Nexstar (NXST) broadcasting president sells 778 shares to cover RSU taxes

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

Rhea-AI Filing Summary

Nexstar Media Group President, Broadcasting Andrew Alford reported a tax-related share sale. On June 10, 2026, he sold 778 shares of common stock at $176.417 per share. According to the footnote, the shares were sold solely to cover tax withholding obligations from performance-based restricted stock units that vested on June 8, 2026. After this transaction, he directly holds 14,357 shares of Nexstar Media Group common stock.

Positive

  • None.

Negative

  • None.
Insider ALFORD ANDREW
Role President, Broadcasting
Sold 778 shs ($137K)
Type Security Shares Price Value
Sale Common Stock 778 $176.417 $137K
Holdings After Transaction: Common Stock — 14,357 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares sold 778 shares Common stock sold on June 10, 2026
Sale price $176.417/share Price per share for the 778 shares sold
Shares held after 14,357 shares Direct holdings following the transaction
RSU vesting date June 8, 2026 Performance-based RSUs that triggered tax withholding
performance-based restricted stock units financial
"in connection with the settlement of performance-based restricted stock units that vested on June 8, 2026"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax withholding obligations financial
"represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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*
ALFORD ANDREW
(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)
President, Broadcasting
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		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 Stock06/10/2026S(1)778D$176.41714,357D
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
Explanation of Responses:
1. 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 that vested on June 8, 2026.
/s/ Mark Hoyla, Attorney-in-Fact for Andrew Alford06/11/2026
** 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 Andrew Alford report in this Form 4?

Andrew Alford reported selling 778 shares of Nexstar common stock. The transaction was made at $176.417 per share and was used to cover tax withholding obligations from recently vested performance-based restricted stock units.

How many Nexstar (NXST) shares did Andrew Alford sell and at what price?

He sold 778 shares of Nexstar common stock at $176.417 per share. The filing states this sale was specifically to cover tax withholding obligations tied to the settlement of performance-based restricted stock units that vested on June 8, 2026.

Why did Andrew Alford’s Nexstar (NXST) share sale occur?

The filing explains the sale was made to cover tax withholding obligations. These obligations arose from the settlement of performance-based restricted stock units that vested on June 8, 2026, making the sale a compensation-related, tax-driven transaction rather than a discretionary open-market sale.

How many Nexstar (NXST) shares does Andrew Alford hold after this transaction?

Following the reported sale, Andrew Alford holds 14,357 shares of Nexstar common stock directly. This post-transaction holding is disclosed in the Form 4 and reflects his remaining equity position after the 778 shares were sold for tax withholding.