Jenkins Brett 4

What Happened

• Brett Jenkins, EVP, Chief Technology & Digital Officer of Nexstar Media Group (NXST), had 750 time‑based RSUs vest on May 23, 2026 which converted into 750 shares (reported as an exercise/conversion). The filing shows 750 shares were disposed at $0.00 (company withholding related to the RSU settlement). On May 27, 2026 Jenkins sold 229 shares in the open market at $187.32 each, generating $42,897. These transactions are sales/withholdings related to RSU vesting (not new purchases).

Key Details

• Transaction dates and prices:
  • 2026-05-23: 750 RSUs converted into 750 shares (M) at $0.00 (acquired).
  • 2026-05-23: 750 shares disposed (derivative) at $0.00 — company withholding for taxes.
  • 2026-05-27: 229 shares sold on the open market at $187.32 each; proceeds $42,897.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Notable footnotes:
  • F1: Each time‑based RSU converts to one share upon continued service through the vest date.
  • F2: 3,000 RSUs were originally awarded May 23, 2024; 750 RSUs vest annually through May 23, 2028.
  • F3: The open‑market sale of 229 shares was to cover tax withholding related to the RSU vesting.
• Filing timeliness: Form 4 filed on 2026-05-27; the filing shows the transactions and gives no indication of a late report.

Context

• M-coded entries here reflect RSU conversion into common stock. The $0.00 disposal typically indicates shares withheld by the company to satisfy tax withholding obligations rather than an open‑market sale. The separate open‑market sale (229 shares) is also reported as tax‑related per the filing. Sales to cover taxes are routine and do not necessarily indicate a change in the insider’s view of the company. No outright purchases were reported.