McMillen Charles Thomas 4

What Happened

• Charles Thomas McMillen, a director of Nexstar Media Group (NXST), had 1,123 restricted stock units (RSUs) convert into 1,123 shares on March 24, 2026. The Form 4 reports an acquisition of 1,123 shares at $0.00 (derivative conversion) and a simultaneous disposition of 1,123 shares at $0.00. No cash changed hands per the reported prices (total reported value $0).

Key Details

• Transaction date: 2026-03-24. Form 4 filed: 2026-03-25 (appears timely).
• Reported price for both acquisition and disposition: $0.00.
• Shares owned after the transaction: not specified in the provided filing summary.
• Transaction code: M (exercise or conversion of a derivative instrument).
• Footnotes: F1 — each RSU converts into one share upon vesting; F2 — these 1,123 RSUs were granted 3/24/2025 and fully vested 3/24/2026.
• Filing status: appears timely (filed the next day); no late filing flag provided.

Context

• This was a vesting/conversion of RSUs rather than an open‑market purchase or a sale for cash. The simultaneous acquisition and disposition at $0.00 reported on the Form 4 often reflects share-delivery/withholding mechanics (for example, tax withholding or settlement), but the filing does not specify the exact reason. Such administrative conversions are common and do not by themselves indicate a change in the insider's market view.