ALFORD ANDREW 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Nexstar (NXST) President Andrew Alford Converts 2,876 PSUs
What Happened
- Andrew Alford, President, Broadcasting of Nexstar Media Group (NXST), had performance-based restricted stock units (PSUs) vest and convert into 2,876 shares on June 8, 2026. The filing shows 2,876 shares were "acquired" via conversion and immediately recorded as "disposed" at $0.00 (derivative transactions). No cash proceeds are reported for the disposals.
Key Details
- Transaction date: June 8, 2026; Form 4 filed June 10, 2026 (timely).
- Transactions reported as derivative conversions (code M): acquisitions of 1,000 + 938 + 938 = 2,876 shares; matching dispositions of 1,000 + 938 + 938 = 2,876 shares at $0.00.
- Shares owned after the transactions: not specified in the excerpt of the filing.
- Footnotes from the filing:
- PSUs convert to one share each if performance metrics and service conditions are met.
- 1,000 PSUs (awarded May 23, 2024) vested on June 8, 2026 after the Compensation Committee certified performance.
- 938 PSUs from the June 3, 2022 award and 938 PSUs from the June 14, 2023 award also vested on June 8, 2026 after certification.
- The filing does not state the reason for the immediate $0.00 dispositions; derivative net settlement or tax-withholding are common explanations for similar entries but are not specified here.
Context
- PSUs are performance-based awards that convert to shares when pre-set company performance goals and continued service conditions are met. This report reflects vesting/conversion of PSUs rather than an open-market purchase or a cash sale.
- Because the disposals are recorded at $0.00, no sale proceeds are reported on this Form 4.
Insider Transaction Report
Form 4
ALFORD ANDREW
President, Broadcasting
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-06-08+1,000→ 13,259 total - Exercise/Conversion
Common Stock
[F1][F3]2026-06-08+938→ 14,197 total - Exercise/Conversion
Common Stock
[F1][F4]2026-06-08+938→ 15,135 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-08−1,000→ 2,000 total→ Common Stock (1,000 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-06-08−938→ 0 total→ Common Stock (938 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-06-08−938→ 937 total→ Common Stock (938 underlying)
Footnotes (4)
- [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]4,000 PSUs were awarded on May 23, 2024, of which, 1,000 PSUs vest at each anniversary of the award through May 23, 2028, subject to the achievement of pre-established company performance metrics. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied. Thus, the 1,000 PSUs vested in full on June 8, 2026.
- [F3]3,750 PSUs were awarded on June 3, 2022, of which, 937, 938, 937 and 938 PSUs vested on June 3, 2023, 2024, 2025, and 2026, respectively, subject to the achievement of pre-established company performance metrics. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied. Thus, the 938 PSUs vested in full on June 8, 2026.
- [F4]3,750 PSUs were awarded on June 14, 2023, of which, 938, 937 and 938 PSUs vested on June 14, 2024, 2025, and 2026, respectively, and, 937 PSUs will vest on June 14, 2027, 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 938 PSUs vested in full on June 8, 2026.
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Andrew Alford|2026-06-10