Jenkins Brett 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
Nexstar (NXST) EVP Brett Jenkins Receives 750 Shares from Vesting
What Happened
Brett Jenkins, EVP, Chief Technology & Digital Officer of Nexstar Media Group (NXST), reported the vesting and conversion of 750 performance-based restricted stock units (PSUs) into common shares on June 6, 2026. The Form 4 shows an acquisition entry for 750 shares via conversion of a derivative (PSU) and a matching disposition of 750 shares at $0.00. The filing does not list a cash consideration or market value for the acquired shares.
Key Details
- Transaction date: 2026-06-06; Form 4 filed: 2026-06-09 (filed within normal Form 4 timing).
- Acquired: 750 shares via exercise/conversion of derivative (PSU); price shown as N/A.
- Disposed: 750 shares; price shown as $0.00 (derivative disposal). The filing does not state the reason for the zero-dollar disposition.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 — Each PSU represents a contingent right to one share, subject to performance metrics and continued service. F2 — 3,000 PSUs were awarded 5/23/2024; 750 PSUs vest on each anniversary through 5/23/2028. The Compensation Committee determined performance conditions were met, so 750 PSUs vested in full on 6/6/2026.
Context
This was a vesting of previously granted performance-based equity, not an open-market purchase or sale indicating active buying/selling. The conversion of PSUs into shares is a common form of compensation for executives. The filing shows a simultaneous zero-dollar disposition of the same number of shares; the document does not explain that disposition (e.g., tax withholding or internal transfer is not stated).
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-06-06+750→ 28,727 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-06−750→ 1,500 total→ Common Stock (750 underlying)
Footnotes (2)
- [F1]Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Nexstar's common stock, subject to the achievement of pre-established company performance metrics and Reporting Person's continued service through the applicable vesting date.
- [F2]3,000 PSUs were awarded on May 23, 2024, of which, 750 PSUs vest at each anniversary of the award through May 23, 2028, subject to the achievement of pre-established company performance metric. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied. Thus, the 750 PSUs vested in full on June 6, 2026.