Wells Royce A. 4

What Happened Royce A. Wells, a director of Nexstar Media Group, received an award of 905 restricted stock units (RSUs) on March 19, 2026. The grant is recorded as 905 derivative shares acquired at $0.00 (i.e., an RSU award rather than a cash purchase), with the RSUs converting into one share of Nexstar common stock each at vesting. The reported grant has no immediate cash value reported at grant ($0 total).

Key Details

• Transaction date: March 19, 2026; Form 4 filed March 23, 2026 (filed within the standard 2-business-day window).
• Grant: 905 RSUs @ $0.00 (derivative award); total reported value at grant: $0.
• Vesting: All 905 RSUs will fully vest on March 19, 2027 (footnote F2).
• Post-vesting conversion: Each RSU converts into one share of Nexstar common stock at vesting (footnote F1).
• Forfeiture/expiration: RSUs have no expiration, but any unvested RSUs are forfeited if the reporting person ceases to be a director for any reason other than a company change of control (footnote F3).
• Shares owned after the transaction: Not specified in the provided filing excerpt.

Context This transaction is a standard equity compensation award to a company director (not an open-market purchase or sale). RSU grants are commonly used for compensation and retention; they do not represent immediately tradable shares until they vest and convert to common stock.