ZIMMER DANA 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Nexstar (NXST) Dana Zimmer Sells 876 Shares
What Happened
Dana Zimmer, President, Distribution & Strategy at Nexstar Media Group (NXST), converted time‑based restricted stock units (RSUs) into 938 shares and then sold 876 shares in the open market for $170.81 each, generating $149,630. Separately, 938 shares were reported as disposed at $0, reflecting shares withheld in connection with the RSU settlement to cover tax obligations.
Key Details
- Transaction dates: RSU conversion/derivative disposition on 2026-06-14; open‑market sale on 2026-06-16.
- Open-market sale: 876 shares @ $170.81 = $149,630.
- Derivative activity: 938 RSUs converted to 938 shares on 2026-06-14; 938 shares marked disposed at $0 (tax withholding).
- Reason: Footnotes state the sales were to cover tax withholding for performance-based RSUs and RSUs that vested June 8 and June 14, 2026.
- Shares owned after transaction: Not disclosed in this Form 4.
- Filing timing: Report filed 2026-06-16 for a 2026-06-14 transaction (appears timely).
Context
- This was not a purchase signal; the activity reflects RSU vesting and tax‑withholding actions rather than a discretionary sell for investment reasons.
- The derivative entries are conversions of time‑based RSUs into common shares (one RSU = one share on vesting).
- Sales to cover taxes are common for executives when equity awards vest and do not necessarily indicate a view on the company’s outlook.
Insider Transaction Report
Form 4
ZIMMER DANA
See Remarks
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-06-14+938→ 6,676 total - Sale
Common Stock
[F3]2026-06-16$170.81/sh−876$149,630→ 5,800 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-14−938→ 937 total→ Common Stock (938 underlying)
Footnotes (3)
- [F1]Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock subject to the Reporting Person's continued service through the applicable vesting date.
- [F2]3,750 RSUs were awarded on June 14, 2023, of which, 938, 937 and 938 RSUs vested on June 14, 2024, 2025 and 2026, respectively, and, 937 RSUs will vest on June 14, 2027.
- [F3]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 and RSUs that vested on June 8, 2026 and June 14, 2026, respectively.
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Dana Zimmer|2026-06-16