ALFORD ANDREW 4

What Happened

• Andrew Alford, President, Broadcasting at Nexstar Media Group (NXST), had 1,000 time‑based RSUs vest and convert into 1,000 shares on May 23, 2026 (exercise/conversion at $0). He also recorded a disposition of 1,000 shares at $0 (derivative disposition related to the RSU settlement) and on May 27, 2026 sold 395 shares in the open market at $187.32 per share, totaling $73,992. The filing indicates the open‑market sale was to cover tax withholding tied to the RSU vesting.

Key Details

• Transaction dates & prices:
  • 2026-05-23: RSU conversion (M) — 1,000 shares acquired at $0.00
  • 2026-05-23: Derivative disposition (M) — 1,000 shares disposed at $0.00
  • 2026-05-27: Open market sale (S) — 395 shares @ $187.32, proceeds $73,992
• Shares owned after transaction: not specified in the information provided here (see the Form 4 for post‑transaction holdings).
• Footnotes of note:
  • F1/F2: These were time‑based RSUs awarded May 23, 2024; 1,000 RSUs vest each year through May 23, 2028 and convert into one share apiece at vesting.
  • F3: The open‑market sale was to cover tax withholding obligations from the RSU settlement.
• Filing: Report filed 2026-05-27 (Period of report: 2026-05-23). Check the Form 4 for any timeliness flags.

Context

• The filing shows RSUs vesting and routine share disposition to satisfy taxes rather than an opportunistic market sale; derivative code M here reflects conversion/settlement of RSUs rather than option purchases. Such tax‑related withholding sales are common and do not necessarily indicate the insider’s view on the company’s stock. Purchases generally convey stronger signals than routine sales tied to compensation events.