Lanzano Dan 4

What Happened

• Dan Lanzano, President, National Advertising Sales of Nexstar Media Group (NXST), had 375 time-based RSUs convert into 375 shares of common stock on March 24, 2026 (vesting per prior award).
• To satisfy tax withholding related to that RSU vesting, Lanzano sold 138 shares on the open market on March 25, 2026 at $218.53 per share for proceeds of $30,157. The filing also shows 375 shares were treated/disposed in connection with the RSU settlement (share withholding).

Key Details

• Transaction dates and prices:
  • 2026-03-24: 375 RSUs converted into 375 shares (exercise/conversion, code M) at $0.00 per share (vesting event).
  • 2026-03-24: 375 shares disposed in connection with the RSU settlement (derivative disposition reported at $0.00).
  • 2026-03-25: 138 shares sold (open market) at $218.53 each — total proceeds $30,157.
• Shares owned after transaction: Not specified in the information provided on this filing.
• Notable footnotes:
  • The RSUs were part of a 1,125-RSU award on March 24, 2025, with 375 RSUs vesting each anniversary through March 24, 2028.
  • The sale was to cover tax withholding obligations related to the RSU vesting.
• Filing timeliness: Form 4 was filed March 26, 2026 for a March 24–25, 2026 transaction — appears to be a timely filing.

Context

• This sequence (RSU vesting, shares converted, then shares sold or withheld to cover taxes) is a common, routine administrative transaction and does not necessarily indicate a change in the insider’s view of the company.
• Code meanings: M = exercise/conversion of a derivative (here, RSU vesting/conversion); S = sale (open market).