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NEXSTAR MEDIA GROUP, INC.·4

Mar 26, 4:18 PM ET

COMPTON SEAN 4

Research Summary

AI-generated summary

Updated

Nexstar (NXST) President Sean Compton Sells 804 Shares

What Happened

  • Sean Compton, President, Networks of Nexstar Media Group (NXST), had time-based RSUs and performance-based PSUs vest on March 24, 2026. The filing reports conversion/exercise entries for 1,000 RSUs and 784 PSUs (the 750 target PSUs converted at 104.54% performance into 784 shares).
  • To cover tax withholding tied to the vesting, the filing shows shares surrendered/withheld (reported as derivative disposals at $0) and an open-market sale of 804 shares on March 25, 2026 at $218.53 per share, generating $175,700.
  • This is largely a routine insider transaction tied to equity compensation vesting (not an independent purchase indicating new bullish exposure).

Key Details

  • Transaction dates and prices:
    • 2026-03-24: RSUs and PSUs vested; 1,000 RSUs converted to 1,000 shares (M, $0.00 reported) and 750 target PSUs converted into 784 shares (M, $0.00 reported; performance multiplier 104.54%).
    • 2026-03-24: Reported disposals of 1,000 and 750 shares at $0.00 (derivative disposals tied to withholding/surrender).
    • 2026-03-25: Open-market sale of 804 shares at $218.53 each for $175,700.
  • Footnotes of note:
    • F2: 3,000 RSUs awarded 3/24/2025, with 1,000 vesting each anniversary through 2028.
    • F4: 3,000 target PSUs awarded 3/24/2025; 750 target PSUs vested 3/24/2026 and converted into 784 shares based on performance.
    • F5: The market sale was to cover tax withholding obligations related to the March 24, 2026 vesting.
  • Shares owned after the transactions: not specified in the provided filing excerpt.
  • Filing timeliness: Form filed 2026-03-26 covering activity through 2026-03-24 (within the typical two-business-day Form 4 reporting window).

Context

  • The reported “M” transactions reflect conversion/exercise of restricted stock units and performance units into common stock. The zero-dollar disposals are shares surrendered/withheld (not market sales) to satisfy tax withholding.
  • Sales tied to tax withholding are routine and do not necessarily indicate an insider’s view on the company’s prospects.