ALFORD ANDREW 4

What Happened

• Andrew Alford, President, Broadcasting at Nexstar Media Group, had RSUs convert to stock and sold shares to cover taxes. On June 14, 2026, 938 time‑based restricted stock units (RSUs) converted into 938 shares. Concurrently, 938 shares were surrendered/treated as a derivative disposition for tax withholding (reported at $0). On June 16, 2026, he sold 746 shares in an open‑market transaction at $170.81 per share, generating proceeds of $127,424.
• This activity primarily reflects RSU vesting and tax‑related share disposition rather than an independent bullish purchase.

Key Details

• Transaction dates and prices:
  • 2026-06-14: 938 RSUs converted to 938 shares (exercise/conversion of derivative).
  • 2026-06-14: 938 shares disposed at $0 (derivative disposition / tax withholding).
  • 2026-06-16: 746 shares sold (open market) at $170.81 — proceeds $127,424.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Notable footnotes:
  • F1–F2: These were time‑based RSUs (3,750 awarded June 14, 2023) with scheduled vesting; 938 RSUs vested on June 14, 2026.
  • F3: The reported sale represents shares sold to cover tax withholding obligations related to performance‑based RSUs and RSUs that vested on June 8 and June 14, 2026.
• Filing timeliness: Form filed June 16, 2026 for a June 14 vesting/transaction — appears filed within the normal Form 4 reporting window.

Context

• The RSU conversion plus immediate surrender/market sale is a common tax‑withholding/cashless settlement pattern when restricted shares vest; it does not necessarily indicate a change in insider sentiment.
• For derivative transactions: here “exercise/conversion” means RSUs reached vesting and were converted into common shares; some of those shares were surrendered or sold to meet tax obligations.