WEITMAN GARY 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Nexstar (NXST) EVP Gary Weitman Sells Shares, Converts RSUs/PSUs
What Happened Gary Weitman, EVP & Chief Communications Officer of Nexstar Media Group (NXST), had vested equity convert into common stock and sold shares to cover tax withholding. On March 24, 2026 he converted 750 time‑based RSUs and 588 performance‑based RSUs (total 1,338 shares; $0 exercise price) into Nexstar common stock. He also sold 3,527 shares at $226.00 on March 24 and 333 shares at $218.53 on March 25, 2026 — total proceeds ≈ $869,873. The filing states the sales were to cover tax withholding on the vested awards.
Key Details
- Conversion/exercise (M): 750 RSUs and 588 PSUs converted into 1,338 shares on 2026-03-24 at $0.00 per share (vesting/conversion, no purchase price).
- Open‑market sales (S): 3,527 shares @ $226.00 on 2026-03-24 ($797,102) and 333 shares @ $218.53 on 2026-03-25 ($72,771); total proceeds ≈ $869,873.
- PSU note: 563 target PSUs vested and, due to performance at 104.54% of target, converted into 588 shares (per filing).
- Purpose: Filing states shares were sold to cover tax withholding obligations related to the March 24, 2026 settlements.
- Filing timeliness: Report filed 2026-03-26 for transactions on 2026-03-24 — timely (not marked late).
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
Context
- These were equity settlements (RSU/PSU conversions) rather than option purchases; the converted awards have a $0 exercise price because they represent vested restricted stock units and performance units. The immediate sale of shares to satisfy tax withholding is common and generally considered a routine administrative transaction rather than a directional bet on the stock.
Insider Transaction Report
Form 4
WEITMAN GARY
See Remarks
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-03-24+750→ 8,979 total - Exercise/Conversion
Common Stock
[F3][F4]2026-03-24+588→ 9,567 total - Sale
Common Stock
2026-03-24$226.00/sh−3,527$797,102→ 6,040 total - Sale
Common Stock
[F5]2026-03-25$218.53/sh−333$72,771→ 5,707 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-24−750→ 1,500 total→ Common Stock (750 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-24−563→ 1,687 total→ Common Stock (588 underlying)
Footnotes (5)
- [F1]Each time-based 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]2,250 RSUs were awarded on March 24, 2025, of which 750 RSUs vest at each anniversary date of the award through March 24, 2028.
- [F3]Each Performance-based restricted stock unit ("PSU") represents the right to receive, following vesting, between 0% and 150% of one share of Nexstar's Common Stock, subject to the level of achievement of pre-established company performance metrics and Reporting Person's continued service through the applicable vesting date.
- [F4]2,250 target PSUs were awarded on March 24, 2025, of which 563, 562 and 1,125 PSUs vest on March 24, 2026, 2027 and 2028, respectively, subject to the achievement of the pre-established company performance metrics. The number of shares of Nexstar's common stock that may be earned is between 0% and 150% of the target number of PSUs. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions to receive 104.54% of the target number of PSUs were satisfied. Thus, the 563 target PSUs that vested on March 24, 2026 were converted into 588 shares of Nexstar common stock.
- [F5]The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs and PSUs that vested on March 24, 2026.
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Gary Weitman|2026-03-26