McMillen Charles Thomas 4

What Happened

• McMillen Charles Thomas, a director of Nexstar Media Group (NXST), received an award of 905 restricted stock units (RSUs) on March 19, 2026. The RSUs were granted at a $0.00 purchase price (derivative award) and will convert into one share of Nexstar common stock per RSU at vesting.

Key Details

• Transaction date: 2026-03-19; Filing date: 2026-03-20 (filed promptly).
• Award: 905 RSUs granted; grant price listed as $0.00 (no cash paid).
• Vesting: All 905 RSUs will fully vest on 2027-03-19 (one-year time-based vesting).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: Each RSU converts into one share at vesting.
  • F2: Confirms the 905 RSUs granted on 3/19/2026 vest in full on 3/19/2027.
  • F3: RSUs do not expire, but unvested RSUs are forfeited if the director leaves the board for any reason other than a company change of control.

Context

• This was an equity award (derivative grant), not a purchase or sale; such grants are commonly part of director compensation and do not themselves indicate a buy or sell signal. The RSUs simply represent a future right to receive shares if the vesting conditions are met.