Nexstar exec exercises RSUs, sells shares for taxes

Nexstar Media Group President, Broadcasting Andrew Alford reported routine equity compensation activity.

Rhea-AI Filing Summary

Nexstar Media Group President, Broadcasting Andrew Alford reported routine equity compensation activity. On May 23, 2026, 1,000 time-based restricted stock units converted into 1,000 shares of Common Stock at $0.00 per share as part of an RSU award granted on May 23, 2024, which vests 1,000 RSUs annually through May 23, 2028.

On May 27, 2026, he sold 395 Common Stock shares at an average price of $187.3214 per share to cover tax withholding obligations related to the RSU settlement. After these transactions, he directly holds 12,294 Common Stock shares and 2,000 RSUs.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider ALFORD ANDREW

Role President, Broadcasting

Sold 395 shs ($74K)

Approx. gross sale proceeds $74K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Common Stock	395	$187.3214	$74K
Exercise	Restricted Stock Units	1,000	$0.00	$0.00
Exercise	Common Stock	1,000	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 2,000 contracts (Direct); Common Stock — 12,294 shares (Direct)

Footnotes (3)

1. 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.
2. F2. 4,000 RSUs were awarded on May 23, 2024, of which, 1,000 RSUs vest at each anniversary of the award through May 23, 2028.
3. F3. 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 that vested on May 23, 2026.

Key Figures

Shares sold: 395 shares Sale price: $187.3214 per share RSUs converted: 1,000 RSUs +3 more

6 metrics

Shares sold 395 shares Common Stock sold on May 27, 2026 to cover taxes

Sale price $187.3214 per share Average price for 395 Common Stock shares sold

RSUs converted 1,000 RSUs RSUs converted into Common Stock on May 23, 2026

RSU grant size 4,000 RSUs Awarded on May 23, 2024, vesting 1,000 per year through 2028

Shares after transactions 12,294 shares Direct Common Stock holdings following reported transactions

RSUs remaining 2,000 RSUs Total RSUs after the May 23, 2026 conversion

Key Terms

Restricted Stock Units, vesting date, tax withholding obligations, derivative security, +1 more

5 terms

Restricted Stock Units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting date financial

"subject to the Reporting Person's continued service through the applicable vesting date."

tax withholding obligations financial

"represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs..."

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

time-based restricted stock unit financial

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did NXST executive Andrew Alford report?

Andrew Alford reported RSU vesting into 1,000 Nexstar Common Stock shares and the sale of 395 shares. The sale was executed to cover tax withholding obligations tied to the vested RSUs, making this a routine compensation-related transaction rather than a discretionary market trade.

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

He sold 395 shares of Nexstar Common Stock at an average price of about $187.3214 per share. According to the disclosure, this sale was specifically to fund tax withholding obligations associated with the recent settlement of restricted stock units that vested.

What RSU award is described in this Nexstar (NXST) Form 4 filing?

The filing describes a 4,000-unit time-based RSU award granted on May 23, 2024. Under the award terms, 1,000 RSUs vest on each anniversary of the grant date through May 23, 2028, with each vested RSU converting into one share of Nexstar Common Stock.

Why did the Nexstar (NXST) executive’s share sale occur in this filing?

The sale occurred to cover tax withholding obligations arising from the settlement of restricted stock units. When RSUs vest and convert into Common Stock, tax liabilities are triggered, and executives often sell a portion of shares received to satisfy these withholding requirements.

What are Andrew Alford’s holdings after these Nexstar (NXST) transactions?

Following the reported transactions, Andrew Alford directly holds 12,294 shares of Nexstar Common Stock and 2,000 restricted stock units. The RSU award continues to vest annually, and each vested unit converts into one share of Common Stock, subject to his continued service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/27/2026 - 06:37 PM EDT Learn about SEC filing dates

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)
05/23/2026

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
Common Stock	05/23/2026		M		1,000	A	$0(1)(2)	12,689	D
Common Stock	05/27/2026		S(3)		395	D	$187.3214	12,294	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	05/23/2026		M			1,000	(2)	(2)	Common Stock	1,000	$0	2,000	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. 4,000 RSUs were awarded on May 23, 2024, of which, 1,000 RSUs vest at each anniversary of the award through May 23, 2028.

3. 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 that vested on May 23, 2026.

	/s/ Mark Hoyla, Attorney-in-Fact for Andrew Alford	05/27/2026
	** 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)