Director at Nexstar Media Group (NXST) receives 905 RSU award

Rhea-AI Filing Summary

Nexstar Media Group director John R. Muse received a grant of 905 restricted stock units (RSUs) on March 19, 2026. These RSUs are a form of equity compensation and will convert into 905 shares of Nexstar common stock when they vest.

All 905 RSUs are scheduled to fully vest on March 19, 2027. The award is time-based and has no set expiration date, but any unvested RSUs will be forfeited if Muse stops serving as a director for reasons other than a company change of control.

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

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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^*

MUSE JOHN R

(Last) (First) (Middle)

3131 TURTLE CREEK BLVD., SUITE 1020

(Street)

DALLAS TEXAS 75219

(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)
03/19/2026

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

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)	03/19/2026		A		905		(2)	(3)	Common Stock	905	$0	905	D

Explanation of Responses:

1. Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock at the vesting date.

2. 905 RSUs were awarded on March 19, 2026, all of which will fully vest on March 19, 2027.

3. The RSUs have no expiration. However, any and all unvested portion of RSUs shall be forfeited and cancelled should the Reporting Person ceases being a director of the Company for any reason other than a company change of control.

	/s/ Mark Hoyla, Attorney-in-Fact for John R. Muse	03/20/2026
	** 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 did Nexstar Media Group (NXST) director John R. Muse report in this Form 4?

Director John R. Muse reported receiving 905 restricted stock units (RSUs) from Nexstar Media Group as equity compensation. These RSUs are a derivative security that will convert into common stock upon vesting, increasing his direct equity-based stake in the company.

How many restricted stock units did John R. Muse receive from Nexstar Media Group (NXST)?

John R. Muse received 905 restricted stock units from Nexstar Media Group. Each RSU represents the right to receive one share of common stock upon vesting, so the grant corresponds to 905 underlying shares if all units ultimately vest.

When do John R. Muse’s 905 Nexstar (NXST) RSUs vest?

All 905 restricted stock units awarded to John R. Muse are scheduled to fully vest on March 19, 2027. At that time, each vested RSU will convert into one share of Nexstar common stock, provided the vesting conditions continue to be satisfied.

What are the conditions for John R. Muse’s Nexstar (NXST) RSUs to vest?

The RSUs are time-based and will vest in full on March 19, 2027, so long as John R. Muse remains a director. Any unvested RSUs are forfeited if he ceases being a director, except in the case of a company change of control.

How are John R. Muse’s Nexstar (NXST) RSUs settled at vesting?

Each time-based restricted stock unit converts into one share of Nexstar common stock at the vesting date. For this grant, 905 RSUs would therefore convert into 905 shares upon vesting, assuming none are forfeited before that date.

Do John R. Muse’s Nexstar (NXST) RSUs have an expiration date?

The RSUs themselves have no fixed expiration date. However, any portion that has not vested will be forfeited and cancelled if John R. Muse stops serving as a director for any reason other than a company change of control, limiting their longevity to his board service.