Were Brett Jenkins’s NXST share sales part of a tax withholding event?

Yes. A footnote explains the reported sale represents shares sold to cover tax withholding obligations. These obligations arose from the settlement of RSUs and PSUs that vested on March 24, 2026, making the transaction primarily a tax payment mechanism rather than a discretionary stock sale.

Nexstar officer sells shares to cover tax bill

Nexstar Media Group officer Brett Jenkins reported routine equity compensation activity and a small tax-related sale.

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Form Type

Rhea-AI Filing Summary

Nexstar Media Group officer Brett Jenkins reported routine equity compensation activity and a small tax-related sale. On March 24, 2026, he exercised time-based and performance-based restricted stock units, receiving 750 shares of common stock from RSUs and 588 shares from PSUs after a 104.54% performance achievement. On March 25, 2026, he sold 414 shares at an average price of $218.53 per share to cover tax withholding obligations tied to these vestings. Following these transactions, he continues to hold 26,540 shares of Nexstar common stock directly.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 5 txns

Insider Jenkins Brett

Role See Remarks

Sold 414 shs ($90K)

Approx. gross sale proceeds $90K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Common Stock	414	$218.5318	$90K
Exercise	Restricted Stock Units	750	$0.00	$0.00
Exercise	Restricted Stock Units	563	$0.00	$0.00
Exercise	Common Stock	750	$0.00	$0.00
Exercise	Common Stock	588	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 3,187 contracts (Direct); Common Stock — 26,540 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. 2,250 RSUs were awarded on March 24, 2025, of which 750 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. 2,250 target PSUs were awarded on March 24, 2025, of which 563, 562 and 1,125 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 563 target PSUs that vested on March 24, 2026 were converted into 588 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 NXST officer Brett Jenkins report?

Brett Jenkins reported exercising restricted stock units into common shares and a small sale. He converted RSUs and PSUs into 1,338 Nexstar shares, then sold 414 shares to cover tax withholding obligations related to the March 24, 2026 vesting events.

How many Nexstar (NXST) shares did Brett Jenkins sell and at what price?

He sold 414 shares of Nexstar common stock at an average price of about $218.53 per share. According to the disclosure, this sale was specifically made to satisfy tax withholding obligations from recently vested RSUs and PSUs, not as a discretionary portfolio move.

What equity awards vested for NXST officer Brett Jenkins on March 24, 2026?

Time-based RSUs and performance-based PSUs vested for Brett Jenkins on March 24, 2026. 750 RSUs converted one-for-one into common shares, and 563 target PSUs vested at 104.54% of target, resulting in 588 common shares based on achieved company performance metrics.

How many Nexstar (NXST) shares does Brett Jenkins hold after these transactions?

After exercising restricted stock units and selling shares for taxes, Brett Jenkins directly holds 26,540 shares of Nexstar common stock. This figure reflects his position following the March 24, 2026 conversions and the March 25, 2026 tax-related sale disclosed in the filing.

How were Brett Jenkins’s performance-based PSUs in NXST determined and settled?

His performance-based RSUs allowed between 0% and 150% of target shares based on metrics. The compensation committee assessed performance at 104.54% of target for the tranche vesting March 24, 2026, so 563 target PSUs converted into 588 shares of Nexstar common stock.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/26/2026 - 04:26 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^*

Jenkins Brett

(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)
	See Remarks

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		750	A	$0⁽¹⁾⁽²⁾	26,366	D
Common Stock	03/24/2026		M		588	A	$0⁽³⁾⁽⁴⁾	26,954	D
Common Stock	03/25/2026		S⁽⁵⁾		414	D	$218.5318	26,540	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			750	⁽²⁾	⁽²⁾	Common Stock	750	$0	1,500	D
Restricted Stock Units	⁽³⁾	03/24/2026		M			563	⁽⁴⁾	⁽⁴⁾	Common Stock	588⁽⁴⁾	$0	1,687	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. 2,250 RSUs were awarded on March 24, 2025, of which 750 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. 2,250 target PSUs were awarded on March 24, 2025, of which 563, 562 and 1,125 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 563 target PSUs that vested on March 24, 2026 were converted into 588 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.

Remarks:

EVP, Chief Technology & Digital Officer

	/s/ Mark Hoyla, Attorney-in-Fact for Brett Jenkins	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