WEITMAN GARY 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
NEXSTAR (NXST) EVP Gary Weitman Receives 750 Shares from PSU Vest
What Happened
- Gary Weitman, EVP & Chief Communications Officer of Nexstar Media Group, had 750 performance-based restricted stock units (PSUs) vest on June 10, 2026 and those PSUs converted into 750 shares of Nexstar common stock. The Form 4 also shows a simultaneous disposition of 750 shares recorded at $0.00 (no cash proceeds reported).
Key Details
- Transaction date: 2026-06-10 (report filed 2026-06-10).
- Acquired: 750 shares via conversion of PSUs (price N/A). Disposed: 750 shares recorded at $0.00.
- Shares owned after the transaction: not specified in the supplied filing.
- Footnotes: F1 explains each PSU converts to one share if performance and service conditions are met. F2 notes 3,000 PSUs were granted May 23, 2024 with 750 PSUs vesting each anniversary through May 23, 2028; the Compensation Committee determined the performance conditions were satisfied for the 750 PSUs that vested on June 10, 2026.
- Timeliness: filing date matches transaction date; no late filing indicated.
Context
- These transactions reflect a vesting/settlement of performance-based awards, not an open-market buy or sell. The recorded disposition at $0.00 is commonly used in filings to reflect shares withheld or otherwise used upon settlement (e.g., for tax or administrative purposes), but the Form 4 does not state the exact reason. This type of award settlement is routine compensation, not necessarily a signal of personal market view.
Insider Transaction Report
Form 4
WEITMAN GARY
See Remarks
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-06-10+750→ 6,762 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-10−750→ 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 10, 2026.
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Gary Weitman|2026-06-10