Nexstar president sells shares to cover taxes

Q: What insider transactions did Nexstar Media Group (NXST) report for Andrew Alford?

Andrew Alford reported RSU and PSU vesting into 1,784 shares of Nexstar common stock and a sale of 623 shares at $218.5318 per share. The sale was made solely to cover tax withholding obligations from the vested awards.

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

Andrew Alford sold 623 shares of Nexstar common stock at an average price of $218.5318 per share. According to the disclosure, these shares were sold to satisfy tax withholding obligations tied to recently vested RSUs and PSUs.

Q: What RSU awards did Andrew Alford receive from Nexstar (NXST)?

Andrew Alford was awarded 3,000 RSUs on March 24, 2025, with 1,000 RSUs vesting on each anniversary through March 24, 2028. Each RSU converts into one share of Nexstar common stock, contingent on continued service through the applicable vesting date.

Q: How are Nexstar (NXST) performance-based PSUs structured for Andrew Alford?

Andrew Alford received 3,000 target PSUs on March 24, 2025, vesting 750, 750 and 1,500 units in 2026, 2027 and 2028. Each PSU can yield between 0% and 150% of one share, depending on company performance and continued service.

Nexstar Media Group President, Broadcasting Andrew Alford reported routine equity compensation activity and a related tax sale.

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Rhea-AI Filing Summary

Nexstar Media Group President, Broadcasting Andrew Alford reported routine equity compensation activity and a related tax sale. On March 24, 2026, time-based RSUs and performance-based PSUs vested, converting into 1,784 shares of common stock at a conversion price of $0.00 per share.

The Compensation Committee determined PSUs earned at 104.54% of target, so 750 target PSUs vested into 784 shares. On March 25, 2026, Alford sold 623 shares of common stock at an average price of $218.5318 per share to cover tax withholding obligations from the RSU and PSU settlements, and held 11,689 shares directly afterward.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 5 txns

Insider ALFORD ANDREW

Role President, Broadcasting

Sold 623 shs ($136K)

Approx. gross sale proceeds $136K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Common Stock	623	$218.5318	$136K
Exercise	Restricted Stock Units	1,000	$0.00	$0.00
Exercise	Restricted Stock Units	750	$0.00	$0.00
Exercise	Common Stock	1,000	$0.00	$0.00
Exercise	Common Stock	784	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 4,250 contracts (Direct); Common Stock — 11,689 shares (Direct)

Footnotes (5)

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. 3,000 RSUs were awarded on March 24, 2025, of which 1,000 RSUs vest at each anniversary date of the award through March 24, 2028.
F3. Each Performance-based restricted stock unit ("PSU") represents the right to receive, following vesting, between 0% and 150% of one share of Nexstar's Common Stock, subject to the level of achievement of pre-established company performance metrics and Reporting Person's continued service through the applicable vesting date.
F4. 3,000 target PSUs were awarded on March 24, 2025, of which 750, 750 and 1,500 PSUs vest on March 24, 2026, 2027 and 2028, respectively, subject to the achievement of the pre-established company performance metrics. The number of shares of Nexstar's common stock that may be earned is between 0% and 150% of the target number of PSUs. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions to receive 104.54% of the target number of PSUs were satisfied. Thus, the 750 target PSUs that vested on March 24, 2026 were converted into 784 shares of Nexstar common stock.
F5. 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 RSUs and PSUs that vested on March 24, 2026.

FAQ

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What insider transactions did Nexstar Media Group (NXST) report for Andrew Alford?

Andrew Alford reported RSU and PSU vesting into 1,784 shares of Nexstar common stock and a sale of 623 shares at $218.5318 per share. The sale was made solely to cover tax withholding obligations from the vested awards.

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

Andrew Alford sold 623 shares of Nexstar common stock at an average price of $218.5318 per share. According to the disclosure, these shares were sold to satisfy tax withholding obligations tied to recently vested RSUs and PSUs.

How many Nexstar (NXST) shares does Andrew Alford hold after these transactions?

Following the reported transactions, Andrew Alford directly holds 11,689 shares of Nexstar common stock. This figure reflects the net position after RSU and PSU conversions into 1,784 shares and the tax-related sale of 623 shares on March 25, 2026.

What RSU awards did Andrew Alford receive from Nexstar (NXST)?

Andrew Alford was awarded 3,000 RSUs on March 24, 2025, with 1,000 RSUs vesting on each anniversary through March 24, 2028. Each RSU converts into one share of Nexstar common stock, contingent on continued service through the applicable vesting date.

How are Nexstar (NXST) performance-based PSUs structured for Andrew Alford?

Andrew Alford received 3,000 target PSUs on March 24, 2025, vesting 750, 750 and 1,500 units in 2026, 2027 and 2028. Each PSU can yield between 0% and 150% of one share, depending on company performance and continued service.

What performance outcome affected Andrew Alford’s Nexstar (NXST) PSU vesting in 2026?

For the March 24, 2026 vesting tranche, Nexstar’s Compensation Committee determined performance at 104.54% of target. As a result, 750 target PSUs converted into 784 shares of Nexstar common stock for Andrew Alford upon vesting.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/26/2026 - 04:16 PM EDT

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^*

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)

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/24/2026		M		1,000	A	$0⁽¹⁾⁽²⁾	11,528	D
Common Stock	03/24/2026		M		784	A	$0⁽³⁾⁽⁴⁾	12,312	D
Common Stock	03/25/2026		S⁽⁵⁾		623	D	$218.5318	11,689	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	03/24/2026		M			1,000	⁽²⁾	⁽²⁾	Common Stock	1,000	$0	2,000	D
Restricted Stock Units	⁽³⁾	03/24/2026		M			750	⁽⁴⁾	⁽⁴⁾	Common Stock	784⁽⁴⁾	$0	2,250	D

Explanation of Responses:

1. 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.

2. 3,000 RSUs were awarded on March 24, 2025, of which 1,000 RSUs vest at each anniversary date of the award through March 24, 2028.

3. Each Performance-based restricted stock unit ("PSU") represents the right to receive, following vesting, between 0% and 150% of one share of Nexstar's Common Stock, subject to the level of achievement of pre-established company performance metrics and Reporting Person's continued service through the applicable vesting date.

4. 3,000 target PSUs were awarded on March 24, 2025, of which 750, 750 and 1,500 PSUs vest on March 24, 2026, 2027 and 2028, respectively, subject to the achievement of the pre-established company performance metrics. The number of shares of Nexstar's common stock that may be earned is between 0% and 150% of the target number of PSUs. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions to receive 104.54% of the target number of PSUs were satisfied. Thus, the 750 target PSUs that vested on March 24, 2026 were converted into 784 shares of Nexstar common stock.

5. 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 RSUs and PSUs that vested on March 24, 2026.

	/s/ Mark Hoyla, Attorney-in-Fact for Andrew Alford	03/26/2026
	** 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)

Source: View Original Filing on SEC EDGAR