Nexstar (NXST) President & COO receives 7,500 RSU equity grant

Rhea-AI Filing Summary

Nexstar Media Group President & COO Michael Biard received a grant of 7,500 restricted stock units (RSUs) tied to the company’s common stock. The award was granted as equity-based compensation and does not involve any open‑market buying or selling of shares.

According to the terms, 2,500 RSUs vest on each anniversary of the March 19, 2026 grant through March 19, 2029, so the award vests in three equal annual installments. Each vested RSU will convert into one share of Nexstar common stock if Biard remains in service through the applicable vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Biard Michael

Role President & COO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	7,500	$0.00	--

Holdings After Transaction: Restricted Stock Units — 7,500 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. 7,500 RSUs were awarded on March 19, 2026, of which 2,500 RSUs vest at each anniversary of the award through March 19, 2029.

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^*

Biard Michael

(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 & COO

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		7,500		(2)	(2)	Common Stock	7,500	$0	7,500	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. 7,500 RSUs were awarded on March 19, 2026, of which 2,500 RSUs vest at each anniversary of the award through March 19, 2029.

	/s/ Mark Hoyla, Attorney-in-Fact for Michael Biard	03/23/2026
	** 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 Michael Biard?

Nexstar Media Group reported that President & COO Michael Biard received a grant of 7,500 restricted stock units. These RSUs are equity compensation and will convert into Nexstar common stock as they vest over time, rather than reflecting an open‑market share purchase or sale.

How many Nexstar (NXST) restricted stock units were granted to Michael Biard?

Michael Biard was granted 7,500 restricted stock units linked to Nexstar’s common stock. This entire amount represents a new equity award, with all 7,500 RSUs reported as the total derivative holdings following the transaction in the Form 4 filing.

What is the vesting schedule for Michael Biard’s Nexstar (NXST) RSU grant?

The 7,500 RSU award vests in three equal annual installments. Specifically, 2,500 RSUs vest on each anniversary of the March 19, 2026 grant date, continuing through March 19, 2029, subject to Biard’s continued service with Nexstar.

Does Michael Biard’s Nexstar (NXST) RSU grant involve any open-market share purchases or sales?

The RSU grant does not involve open‑market purchases or sales. It is a compensation award where each restricted stock unit will convert into one share of common stock upon vesting, assuming continued service, rather than a cash transaction in Nexstar shares.

When will Michael Biard’s Nexstar (NXST) RSUs convert into common stock?

Each restricted stock unit converts into one share of Nexstar common stock upon vesting. Vesting occurs in three annual tranches of 2,500 RSUs each on the anniversaries of the March 19, 2026 grant date, assuming Biard continues in service through those dates.

What conditions apply to Michael Biard’s Nexstar (NXST) RSU award?

The RSU award is conditioned on continued service with Nexstar. Each restricted stock unit converts into one share of common stock only if Biard remains in service through the applicable vesting date, aligning his compensation with long‑term company performance.