Jenkins Brett 4

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).