ALFORD ANDREW 4

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.