WEITMAN GARY 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
NEXSTAR (NXST) EVP Gary Weitman Sells 194 Shares
What Happened
Gary Weitman, EVP & Chief Communications Officer of Nexstar Media Group (NXST), sold 194 shares on 2026-06-12 in an open-market/private sale at $174.21 per share, for total proceeds of $33,796. The Form 4 states the sale was to cover tax withholding obligations in connection with performance-based restricted stock units that vested on June 10, 2026. This was a sale to satisfy taxes rather than a discretionary share-sale for investment reasons.
Key Details
- Transaction date: 2026-06-12
- Transaction type/code: Open market or private sale (S)
- Shares and price: 194 shares @ $174.21 = $33,796
- Footnote: Sale was to cover tax withholding on performance-based RSUs that vested 6/10/2026 (footnote F1)
- Insider role: EVP, Chief Communications Officer (remark)
- Shares owned after transaction: Not specified in the filing
- Filing date: 2026-06-15; no late-filing flag indicated
Context
Sales to cover tax withholding when RSUs vest are common and typically administrative in nature; they do not necessarily reflect the insider’s view on the company’s prospects. For retail investors, outright purchases or large, discretionary insider buys generally carry more signal than routine tax-withholding sales.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-12$174.21/sh−194$33,796→ 6,568 total
Footnotes (1)
- [F1]The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of performance-based restricted stock units that vested on June 10, 2026.