Lanzano Dan 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
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).
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-05-23+303→ 303 total - Exercise/Conversion
Common Stock
[F1][F3]2026-05-23+375→ 678 total - Sale
Common Stock
[F4]2026-05-27$187.32/sh−247$46,268→ 431 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-05-23−303→ 303 total→ Common Stock (303 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-05-23−375→ 750 total→ Common Stock (375 underlying)
Footnotes (4)
- [F1]Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock subject to the Reporting Person's continued service through the applicable vesting date.
- [F2]909 RSUs were awarded on May 23, 2024, of which, 303 RSUs vest at each anniversary of the award through May 23, 2027.
- [F3]1,500 RSUs were awarded on May 23, 2024, of which, 375 RSUs vest at each anniversary of the award through May 23, 2028.
- [F4]The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs that vested on May 23, 2026.