Nexstar (NXST) EVP General Counsel receives 2,250 RSUs in equity grant

Rhea-AI Filing Summary

Nexstar Media Group EVP and General Counsel Rachel Morgan received a grant of 2,250 restricted stock units (RSUs) tied to Nexstar common stock. The award was made as compensation, not an open-market trade, and leaves her holding 2,250 RSUs after the transaction.

According to the award terms, 750 RSUs vest on each anniversary of the March 19, 2026 grant date through March 19, 2029, if she continues in service. Each vested RSU converts into one share of Nexstar common stock, gradually increasing her direct equity stake over the three-year vesting period.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Morgan Rachel

Role EVP General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	2,250	$0.00	--

Holdings After Transaction: Restricted Stock Units — 2,250 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. 2,250 RSUs were awarded on March 19, 2026, of which 750 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^*

Morgan Rachel

(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)
	EVP General Counsel

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		2,250		(2)	(2)	Common Stock	2,250	$0	2,250	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. 2,250 RSUs were awarded on March 19, 2026, of which 750 RSUs vest at each anniversary of the award through March 19, 2029.

	/s/ Mark Hoyla, Attorney-in-Fact for Rachel Morgan	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 Rachel Morgan?

Nexstar reported that EVP and General Counsel Rachel Morgan received a grant of 2,250 restricted stock units as equity compensation. These RSUs are linked to Nexstar common stock and vest over time, rather than being bought or sold in the open market.

How many restricted stock units did Rachel Morgan receive in the latest Nexstar (NXST) Form 4?

Rachel Morgan received 2,250 restricted stock units in this filing. The entire amount is a new equity award, and following the grant she holds 2,250 RSUs directly, all subject to a multi-year vesting schedule based on continued service with Nexstar.

What is the vesting schedule for Rachel Morgan’s Nexstar (NXST) RSU grant?

The 2,250 restricted stock units vest in three equal installments of 750 units each year. Vesting occurs on each anniversary of the March 19, 2026 grant date through March 19, 2029, conditioned on Rachel Morgan’s continued service with Nexstar.

Do Rachel Morgan’s RSUs in Nexstar (NXST) represent an open-market stock purchase?

No, the RSUs are a compensation grant, not an open-market purchase. They were awarded at no cash cost to her and will convert into Nexstar common shares only as they vest, assuming she continues to meet service requirements through each vesting date.

How will Rachel Morgan’s Nexstar (NXST) RSUs convert into common stock?

Each restricted stock unit converts into one share of Nexstar common stock upon vesting. As 750 RSUs vest on each annual anniversary from 2027 through 2029, the corresponding shares will be delivered, gradually increasing her directly held common stock position over time.

What does the Form 4 suggest about Rachel Morgan’s equity stake in Nexstar (NXST)?

The filing shows Rachel Morgan now holds 2,250 restricted stock units as part of her compensation. This award increases her potential future equity ownership, but the actual common shares will be issued gradually as the RSUs vest across three years of continued service.