Nexstar (NXST) EVP Brett Jenkins Sells Shares After RSU Vesting

What Happened

• Brett Jenkins, EVP, Chief Technology & Digital Officer at Nexstar Media Group, had 1,313 time-based RSUs vest and convert into 1,313 shares on June 3, 2026. Per the filing, 1,313 derivative shares were surrendered/treated for withholding, and Jenkins sold an additional 397 shares in an open-market transaction on June 4, 2026 at $182.42 per share, generating $72,419. These transactions reflect RSU settlement and tax-withholding activity rather than a cash purchase.

Key Details

• Transactions:
  • 2026-06-03: 1,313 RSUs converted into 1,313 shares (acquired) (exercise/conversion of derivative, $0 per share) (F1,F2).
  • 2026-06-03: 1,313 derivative shares disposed at $0 (withholding/settlement) (F3).
  • 2026-06-04: 397 shares sold in the open market at $182.42 each for $72,419 (S).
• Shares owned after the reported transactions: not specified in the provided excerpt.
• Footnotes: F1–F3 explain these were time‑based RSUs awarded June 3, 2022 (5,250 total) with annual vesting; the sale was to cover tax withholding on the RSU settlement.
• Filing timeliness: Report filed June 5, 2026 for transactions dated June 3–4, 2026 — filed within the typical Form 4 reporting window (timely).

Context

• These entries reflect RSU vesting and tax-withholding mechanics (conversion of RSUs into shares and share disposal to satisfy withholding). The open-market sale appears linked to tax obligations rather than a standalone investment decision. For insiders, such tax-withholding sales are routine following equity awards and do not by themselves indicate a change in company outlook.