Wells Royce A. 4

What Happened Royce A. Wells, a director of Nexstar Media Group (NXST), had 1,123 restricted stock units (RSUs) convert into 1,123 shares of common stock on March 24, 2026. The RSUs were originally awarded on March 24, 2025 and fully vested on March 24, 2026. The conversion shows an acquisition of 1,123 shares at $0.00 (no cash paid) and a matching disposition of the derivative RSU instrument for the same amount.

Key Details

• Transaction date: March 24, 2026; Form 4 filed March 25, 2026 (timely).
• Shares acquired: 1,123 common shares at $0.00 (conversion of RSUs).
• Matching disposition: 1,123 RSU derivative units cancelled (listed as disposed at $0.00).
• Shares reported in filing: 2,270 shares held by the Wells Family Trust (spouse beneficial owner) plus the 1,123 newly issued shares = 3,393 total reported shares.
• Footnotes: F1 explains each RSU converts to one share on vesting; F2 confirms the RSUs were awarded 3/24/2025 and vested 3/24/2026; F3 details the 2,270 shares held by the family trust.

Context This was not an open-market buy or a sale — it was the routine vesting/conversion of previously granted RSUs into common stock, a common form of executive/director compensation. No cash was exchanged and no immediate sale of the newly issued shares was reported. Such vesting events increase the insider’s reported shareholdings but do not, by themselves, indicate a trading decision.