Johnson Ellen Tobi 4

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.