Johnson Ellen Tobi 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Nexstar Director Ellen Tobi Converts 1,123 RSUs
What Happened Ellen Tobi, a director of Nexstar Media Group, converted 1,123 restricted stock units (RSUs) into 1,123 shares of Nexstar common stock on March 24, 2026. The Form 4 shows the RSU conversion as an exercise/conversion of a derivative (transaction code M) at $0.00 per share — no cash payment or open-market sale was reported.
Key Details
- Transaction date: 2026-03-24; filing date: 2026-03-25 (timely).
- Reported transactions: 1,123 shares acquired via conversion of RSUs at $0.00; a corresponding derivative disposition of 1,123 units is also recorded (both entries reflect the conversion).
- Shares owned after the transaction: not disclosed in the provided excerpt.
- Footnotes: F1 — each RSU converts to one share upon vesting; F2 — these 1,123 RSUs were granted 03/24/2025 and fully vested on 03/24/2026.
- No 10b5-1 plan, tax withholding, or cash sale is indicated in the provided filing.
Context This was a standard vesting/conversion of equity compensation, not an open-market purchase or sale. Converting vested RSUs into shares is typically administrative (moving from a derivative unit to actual shares) and doesn't necessarily signal a change in insider sentiment; no cash proceeds were reported.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-03-24+1,123→ 1,694 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-24−1,123→ 0 total→ Common Stock (1,123 underlying)
Footnotes (2)
- [F1]Each 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]1,123 RSUs were awarded on March 24, 2025, all of which are fully vested on March 24, 2026.