Nexstar Media Group (NXST) director converts 1,123 RSUs into common stock

Rhea-AI Filing Summary

Nexstar Media Group director Ellen Tobi Johnson exercised 1,123 restricted stock units into 1,123 shares of common stock. The RSUs were originally granted on March 24, 2025 and became fully vested on March 24, 2026. After receiving these shares, she directly holds 1,694 shares of Nexstar common stock. The transaction reflects routine equity compensation vesting and an option exercise, with no open-market buying or selling reported.

Insights

Equity compensation and insider-transactions analyst

Routine RSU vesting and exercise with no share sales reported.

Director Ellen Tobi Johnson converted 1,123 restricted stock units into 1,123 shares of Nexstar Media Group common stock on March 24, 2026. The footnotes state these RSUs were granted on March 24, 2025 and fully vested one year later, indicating a scheduled compensation event.

The transaction uses code M, reflecting an exercise or conversion of derivative securities, not an open-market purchase or sale. No shares were sold or withheld for taxes in this filing, and derivativeSummary is empty, implying no remaining RSUs from this grant.

Following the transaction, Johnson directly owns 1,694 common shares, so the 1,123-share increase is modest in scale. With no open-market selling and no 10b5-1 trading plan references, this appears as standard director equity compensation rather than a directional signal.

Insider Trade Summary

1,123 shares exercised/converted

Mixed 2 txns

Insider Johnson Ellen Tobi

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 — 1,694 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^*

Johnson Ellen Tobi

(Last) (First) (Middle)

215 W 98TH ST APT 9B

(Street)

NEW YORK NEW YORK 10025-5635

(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)	1,694	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 Ellen Johnson	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 Ellen Tobi Johnson?

Nexstar Media Group reported that director Ellen Tobi Johnson converted 1,123 restricted stock units into 1,123 shares of common stock. This was recorded as a derivative exercise (code M), reflecting routine equity compensation vesting rather than an open-market trade or discretionary share purchase.

How many Nexstar (NXST) shares does Ellen Tobi Johnson hold after this Form 4?

After the reported transactions, Ellen Tobi Johnson directly holds 1,694 shares of Nexstar common stock. This total reflects the addition of 1,123 shares received from the vesting and conversion of restricted stock units on March 24, 2026, with no share sales disclosed in the filing.

Were any Nexstar (NXST) shares sold or disposed of in this Form 4 filing?

No shares were sold or disposed of in this filing. The Form 4 only shows an exercise and conversion of 1,123 restricted stock units into common stock, with zero sell transactions, tax-withholding dispositions, or gifts reported in the transaction summary or footnotes.

What do the restricted stock unit (RSU) footnotes in the Nexstar (NXST) Form 4 explain?

The footnotes explain that each restricted stock unit converts into one share of Nexstar common stock, subject to continued service. They also state that 1,123 RSUs were granted on March 24, 2025 and became fully vested on March 24, 2026, when they converted into common shares.

Is the Nexstar (NXST) Form 4 for Ellen Tobi Johnson a routine equity compensation event?

Yes, the filing reflects a routine equity compensation event. Johnson’s 1,123 restricted stock units vested after a one-year period and were converted into common shares with transaction code M, indicating a derivative exercise rather than open-market trading activity or a discretionary buy or sell decision.

Does the Ellen Tobi Johnson Form 4 indicate any remaining derivative or RSU position in Nexstar (NXST)?

The derivativeSummary section in the provided data is empty, indicating no remaining derivative position from this specific RSU grant. The Form 4 shows the full 1,123 restricted stock units converting into common stock, with total derivative holdings from this award reduced to zero after the transaction.