Morgan Rachel 4

What Happened
Rachel Morgan, Nexstar Media Group's Executive Vice President and General Counsel, received a grant of 2,250 restricted stock units (RSUs) on March 19, 2026. The award is reported as a derivative acquisition (code A) with a reported price of $0.00 — RSUs convert one-for-one into common shares upon vesting and are a form of compensation rather than an open-market purchase.

Key Details

• Transaction date: March 19, 2026; Form 4 filed March 23, 2026 (timely filing).
• Award: 2,250 RSUs granted at $0.00 (derivative award).
• Vesting: 750 RSUs vest on each anniversary of the award through March 19, 2029 (three annual tranches).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 confirms 1 RSU = 1 share at vesting subject to continued service; F2 details the 750-per-year vesting schedule.
• No 10b5-1 plan, tax-withholding, or sale information reported in this filing.

Context
RSU grants are common compensation for executives and indicate potential future dilution when they vest and convert to shares; they do not represent an immediate purchase or sale. Because the RSUs vest over time and require continued service, they primarily reflect compensation/retention considerations rather than an immediate trading signal.