ARMSTRONG D GEOFFREY 4

What Happened Geoffrey D. Armstrong, a director of Nexstar Media Group (NXST), had 1,123 restricted stock units (RSUs) that vested and were converted into 1,123 shares of Nexstar common stock on March 24, 2026. The conversion is recorded as an exercise/conversion of a derivative at $0.00 per share, so no cash was paid or received in connection with the settlement. This transaction reflects settlement of compensation awards rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-24 (reported on Form 4 filed 2026-03-25)
• Transaction type/code: Exercise/conversion of derivative (M)
• Shares converted/acquired: 1,123 shares at $0.00 per share (total $0)
• Shares disposed entry: the filing also shows a corresponding derivative disposal entry—this reflects conversion/settlement of the RSUs, not a market sale of shares
• Shares owned after transaction: not specified in the provided filing
• Footnotes: RSUs convert 1:1 into common stock and the 1,123 RSUs were granted on 2025-03-24 and fully vested on 2026-03-24
• Timeliness: Reported one day after the transaction (filed within the SEC’s 2-business-day Form 4 window)

Context This was a routine settlement of previously granted RSUs upon vesting. Because no shares were sold and no cash changed hands, the transaction is a compensation settlement rather than an investment buy or sell signal. Such conversions are common for directors and executives as part of long-term incentive programs and do not, by themselves, indicate a change in insider market sentiment.