Nexstar (NXST) President Dan Lanzano Sells 247 Shares

What Happened Dan Lanzano, President, National Advertising Sales at Nexstar Media Group (NXST), had 678 restricted stock units (303 + 375) vest and converted into common shares on May 23, 2026 (converted at $0.00 per share). To satisfy tax withholding on the vested RSUs, he sold 247 of those shares in an open-market transaction on May 27, 2026 at $187.32 per share, receiving $46,268.

Key Details

• Transaction dates and prices:
  • May 23, 2026: 303 RSUs converted to 303 shares @ $0.00 (acquired)
  • May 23, 2026: 375 RSUs converted to 375 shares @ $0.00 (acquired)
  • May 27, 2026: 247 shares sold @ $187.32 = $46,268 (open-market sale)
• Net effect from the vesting and sale: +678 shares vested, 247 sold to cover taxes → net increase of 431 shares retained.
• Shares owned after the transactions: not stated in the filing.
• Footnotes of interest:
  • RSUs convert 1-for-1 to common stock upon vesting (F1).
  • The RSU awards and vesting schedule: 909 RSUs award with 303 vesting each anniversary (through 2027), and 1,500 RSUs award with 375 vesting each anniversary (through 2028) (F2–F3).
  • The May 27 sale was to cover tax withholding on RSUs that vested May 23, 2026 (F4).
• Filing: Form 4 filed May 27, 2026, reporting the May 23, 2026 vesting and the May 27 sale. No 10b5-1 plan or late-filing indication is disclosed in the provided data.

Context This was a routine RSU vesting and a follow-on sale to cover tax withholding — a common administrative transaction that doesn't necessarily indicate a buy/sell signal about the company's prospects. The derivative entries reflect RSU conversion into shares on vesting (not an options exercise for cash).