Gliha Lee Ann 4

What Happened
Gliha Lee, Chief Financial Officer of Nexstar Media Group (NXST), had restricted stock units (RSUs) and performance stock units (PSUs) vest on March 24, 2026, converting into 3,345 shares (1,875 RSUs + 1,470 PSUs). On March 25, 2026 she sold 1,337 shares in an open-market transaction at $218.53 per share, generating proceeds of $292,177. The sale was made to satisfy tax-withholding obligations tied to the vesting (not a new purchase).

Key Details

• Transaction dates and prices:
  • 2026-03-24: 1,875 RSUs vested and converted to 1,875 shares (acquired at $0.00 upon vesting).
  • 2026-03-24: 1,407 target PSUs vested and, due to performance, converted into 1,470 shares (acquired at $0.00).
  • 2026-03-25: 1,337 shares sold open-market at $218.53 each = $292,177 proceeds.
• Shares received from vesting on 3/24/2026: total 3,345 shares (1,875 RSUs + 1,470 PSUs).
• Shares sold to cover tax withholding; filing footnote confirms the sale was for tax withholding related to the settled RSUs/PSUs.
• Filing status: reported on Form 4 filed 2026-03-26; the filing appears timely (no late-filing indicator provided).
• Shares owned after the transaction: not specified in the provided filing summary.

Context

• RSUs convert to one share each upon vesting (time-based). PSUs pay out between 0%–150% of target based on company performance; Nexstar’s committee determined 104.54% of target was earned for the 2026 vesting, converting 1,407 target PSUs into 1,470 shares.
• This was not a purchase (no bullish signal implied); it’s a routine tax-withholding sale following equity award vesting.