Jenkins Brett 4

What Happened

• Brett Jenkins, EVP & Chief Technology & Digital Officer of Nexstar Media Group (NXST), had 656 time‑based RSUs vest and convert into 656 shares on June 14, 2026 (reported as a derivative conversion). The filing also reports a disposal of 656 derivative shares at $0.00 (tax withholding treatment) and an open‑market sale of 301 shares on June 16, 2026 at $170.81 each, generating $51,414. The filing notes the sale was to cover tax withholding obligations tied to the vested RSUs.

Key Details

• Transaction dates: June 14, 2026 (RSU conversion/derivative entries) and June 16, 2026 (open‑market sale).
• Open‑market sale: 301 shares at $170.81 per share = $51,414 total.
• Derivative activity: 656 RSUs converted to common stock on vesting; 656 derivative shares reported disposed at $0.00 (see footnotes re: withholding).
• Footnotes: 2,625 RSUs were originally awarded on June 14, 2023 with scheduled annual vesting (656 vested in 2026); footnote explicitly states the sale was to cover tax withholding for the vested RSUs.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Form filed June 16, 2026 for a June 14, 2026 report date (appears timely).

Context

• This is routine RSU settlement and withholding activity, not an independent market purchase. The derivative code (M) here reflects conversion/settlement of RSUs into shares rather than an option exercise for cash. The cash received came from a separate open‑market sale (301 shares) to cover tax obligations; such withholding sales are common and do not necessarily indicate a change in insider sentiment.