WEITMAN GARY 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Nexstar (NXST) EVP Gary Weitman Sells 319 Shares to Cover Taxes
What Happened Gary Weitman, EVP & Chief Communications Officer of Nexstar Media Group (NXST), had 1,313 time‑based RSUs convert into 1,313 shares on June 3, 2026. Following the vesting/settlement, Weitman sold 319 shares in an open‑market transaction on June 4, 2026 at $182.42 per share, generating $58,190. The Form 4 also reports the RSU conversion (reported as derivative exercise/conversion).
Key Details
- Transactions:
- June 3, 2026: Conversion of 1,313 RSUs into 1,313 shares (reported as derivative exercise/conversion, $0 per share).
- June 4, 2026: Open‑market sale of 319 shares at $182.42 each, proceeds $58,190.
- Footnotes:
- These were time‑based RSUs awarded June 3, 2022 (total 5,250 RSUs). Vesting schedule: 1,312 (2023), 1,313 (2024), 1,312 (2025), 1,313 (2026).
- The sale was reported as to cover tax withholding obligations in connection with the June 3, 2026 RSU settlement.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing date: June 5, 2026 (appears timely relative to the reported transactions).
Context This was not a new purchase — it was RSU vesting and a partial sale to satisfy tax withholding, a routine corporate insider event. The RSU conversion is reported as a derivative exercise/conversion; the subsequent open‑market sale of a portion of those shares is often a cash‑flow/tax event rather than a directional bet on the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-06-03+1,313→ 6,331 total - Sale
Common Stock
[F3]2026-06-04$182.42/sh−319$58,190→ 6,012 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-03−1,313→ 0 total→ Common Stock (1,313 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]5,250 RSUs were awarded on June 3, 2022, of which, 1,312, 1,313, 1,312 and 1,313 RSUs vested on June 3, 2023, 2024, 2025 and 2026, respectively.
- [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 June 3, 2026.