WEITMAN GARY 4

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.