WEITMAN GARY 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Nexstar (NXST) EVP Gary Weitman Sells Shares After RSU Vest
What Happened
Gary Weitman, EVP and Chief Communications Officer of Nexstar Media Group (NXST), had 750 time‑based RSUs vest and convert into 750 shares on May 23, 2026. Following the vesting, he sold 184 shares in an open‑market transaction on May 27, 2026 for $187.32 per share, totaling $34,467. The filing shows the RSU conversion as an exercise/conversion (derivative) at $0.00 per share.
Key Details
- Transaction dates and prices:
- May 23, 2026: 750 RSUs converted into 750 shares (recorded at $0.00 per share).
- May 27, 2026: Open‑market sale of 184 shares at $187.32 each, gross proceeds $34,467.
- Shares owned after the transactions: Not specified in the provided excerpt of the filing.
- Footnotes:
- The RSUs were time‑based awards (3,000 RSUs granted May 23, 2024; 750 RSUs vest each anniversary through May 23, 2028).
- The 184‑share sale was to cover tax withholding obligations related to the RSU settlement.
- Filing date: Form 4 filed May 27, 2026 (reports transactions occurring May 23–27, 2026). No indication in the excerpt that the filing was marked late.
Context
- This was not a purchase signal; it reflects routine vesting of RSUs and a sale to cover tax withholding. The RSU conversion is a non‑cash award becoming common stock, and the subsequent open‑market sale is a common practice to cover withholding taxes rather than a directional bet on the stock.
Insider Transaction Report
Form 4
WEITMAN GARY
See Remarks
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-05-23+750→ 5,202 total - Sale
Common Stock
[F3]2026-05-27$187.32/sh−184$34,467→ 5,018 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-05-23−750→ 1,500 total→ Common Stock (750 underlying)
Footnotes (3)
- [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]3,000 RSUs were awarded on May 23, 2024, of which, 750 RSUs vest at each anniversary of the award through May 23, 2028.
- [F3]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.
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Gary Weitman|2026-05-27