ZIMMER DANA 4

What Happened
Dana Zimmer, President, Distribution & Strategy at Nexstar Media Group (NXST), had time‑based RSUs and performance PSUs vest on March 24, 2026 and converted those units into common stock (no cash exercise price). Following the vesting, Zimmer sold a total of 5,248 shares in the open market — 4,409 shares on 2026‑03‑24 at $225.50 ($994,230) and 839 shares on 2026‑03‑25 at $218.53 ($183,348) — for combined proceeds of $1,177,578. The underlying vesting conversions produced 1,000 shares from RSUs and 784 shares from PSUs (the 750 target PSUs vested and converted into 784 shares per the company’s performance determination).

Key Details

• Transaction dates and prices: 3/24/2026 — 4,409 shares sold at $225.50; 3/25/2026 — 839 shares sold at $218.53.
• Proceeds: $994,230 (3/24) + $183,348 (3/25) = $1,177,578 total.
• Vesting/conversion: 1,000 RSU shares and 784 PSU shares converted on 3/24/2026 (conversion recorded at $0 exercise price).
• Reason for sale: Footnote states shares were sold to cover tax withholding obligations related to the RSU/PSU settlement.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeliness: Form 4 was filed on 2026‑03‑26 for 3/24/2026 transactions (filed within the typical two‑business‑day window).

Context
This activity reflects routine settlement of equity awards (RSUs/PSUs) and related tax‑covering sales rather than an open‑market purchase signal. For clarity: the M code entries reflect conversion/exercise of equity awards (no cash paid), and the S code entries are open‑market sales.