Jenkins Brett 4

What Happened
Brett Jenkins, EVP & Chief Technology & Digital Officer of Nexstar Media Group (NXST), had restricted stock units (RSUs) and performance stock units (PSUs) convert to common shares upon vesting on March 24, 2026, and then sold 414 shares in the open market on March 25, 2026 for $218.53 per share ($90,472 total). The PSU payout rate was 104.54%, so 563 target PSUs that vested converted into 588 shares; 750 time‑based RSUs also vested and converted into shares. Several shares were surrendered/withheld in connection with tax withholding tied to the vesting.

Key Details

• Transaction dates/prices:
  • 2026-03-24: RSUs and PSUs vested and converted into shares (reported acquisitions at $0 — typical for RSU/PSU settlement).
  • 2026-03-25: Open-market sale of 414 shares at $218.53 each, totaling $90,472.
• PSU performance: 563 target PSUs vested and converted into 588 shares (104.54% payout).
• Tax withholding: The filing notes shares were sold/surrendered to cover tax withholding obligations related to the March 24, 2026 settlements.
• Shares owned after transaction: Not specified in the provided excerpt of the Form 4.
• Filing timeliness: Report filed 2026-03-26 for transactions on/through 2026-03-24–25 (filed within the normal Form 4 reporting window).

Context

• These transactions reflect vesting and settlement of equity awards (RSUs and PSUs) rather than a cash purchase; acquisitions were reported at $0 because the shares were delivered on vesting.
• The open‑market sale appears to be for tax withholding/settlement — a routine administrative sale rather than an explicit market-timing or investment signal.
• For retail investors: purchases by insiders can be more informative than routine sell-to-cover tax transactions; here the activity primarily documents award settlement and tax-related disposal.