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.