Nexstar (NXST) director receives 905 RSUs vesting in 2027

Rhea-AI Filing Summary

Nexstar Media Group director Charles Thomas McMillen received 905 restricted stock units (RSUs). The RSUs were granted on March 19, 2026 and each RSU will convert into one share of Nexstar common stock when it vests. All 905 RSUs are scheduled to fully vest on March 19, 2027, and McMillen’s direct RSU holdings reported after this grant total 905 units. The RSUs have no stated expiration, but any unvested units will be forfeited if he ceases to be 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^*

McMillen Charles Thomas

(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)

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 Charles Thomas McMillen	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 insider transaction did Nexstar Media Group (NXST) report for Charles Thomas McMillen?

Nexstar Media Group reported that director Charles Thomas McMillen received 905 restricted stock units. These RSUs were granted on March 19, 2026 and are scheduled to convert into Nexstar common stock at vesting, reflecting a share-based award rather than a market purchase.

How many Nexstar (NXST) restricted stock units were granted to director Charles McMillen?

Charles McMillen was granted 905 restricted stock units. Each unit represents a right to receive one share of Nexstar common stock at vesting, and his total directly held RSUs reported after this transaction is 905, indicating this grant established his reported RSU position.

When do Charles McMillen’s Nexstar (NXST) restricted stock units vest?

All 905 of Charles McMillen’s restricted stock units are scheduled to fully vest on March 19, 2027. On the vesting date, each RSU converts into one share of Nexstar common stock, aligning the director’s equity exposure with the company’s longer-term performance.

What happens to Charles McMillen’s Nexstar (NXST) RSUs if he leaves the board?

Any unvested restricted stock units will be forfeited and cancelled if Charles McMillen ceases being a Nexstar director for any reason other than a company change of control. This condition ties continued vesting of the 905 RSUs to his ongoing board service.

Do Charles McMillen’s Nexstar (NXST) RSUs have an expiration date?

The restricted stock units granted to Charles McMillen have no expiration date. However, unvested units can be forfeited if he stops serving as a director except in the case of a company change of control, which functions as a practical limit on the award.