Weaver Robert S. 4

What Happened

• Robert S. Weaver, Executive Vice President, Government Relations of Nexstar Media Group (NXST), had restricted stock awards vest and converted into common shares on March 24, 2026 (1,667 time‑based RSUs and 1,306 PSUs). On March 25, 2026 he sold 1,101 shares in an open‑market transaction at $218.53 per share, receiving $240,604. The sale was to satisfy tax withholding obligations related to the vested awards.

Key Details

• Transaction dates & prices:
  • 2026-03-24: Conversion/vesting of 1,667 RSUs (time‑based) and 1,306 PSUs (performance‑based; 1,250 target PSUs converted at 104.54% = 1,306 shares) — reported as derivative conversions (code M) at $0.00.
  • 2026-03-25: Open‑market sale of 1,101 shares at $218.53 each for proceeds of $240,604 (code S).
• Shares owned after transaction: Not provided in the supplied filing excerpt.
• Footnotes: Sale was to cover tax withholding on the vested RSUs/PSUs. The PSU payout was 104.54% of target based on company performance.
• Timeliness: Filing dated March 26, 2026 for transactions on March 24–25, 2026 — no late‑filing indication in the provided data.

Context

• This sequence is a routine post‑vest transaction: RSUs/PSUs vested (converted to shares), and a portion of those shares were sold to cover required tax withholding. Such withholding sales are common and do not necessarily indicate insider sentiment about the company’s stock.
• Derivative code M here reflects conversion/settlement of restricted stock units (not an options exercise for cash); the sale (code S) was an open‑market transaction.