Russell Blake 4

What Happened
Russell Blake, Executive Vice President, Operations of Nexstar Media Group (NXST), received an award of 2,250 restricted stock units (RSUs) on March 19, 2026. The filing shows an acquisition at $0.00 per unit (a compensation grant/derivative award), so no cash was paid by the insider. The award will convert into ordinary shares subject to vesting (see vesting schedule below).

Key Details

• Transaction type: Award/Grant of RSUs (Code A; derivative transaction).
• Transaction date: March 19, 2026; Form 4 filed March 23, 2026 (timely filing).
• Quantity and price: 2,250 RSUs @ $0.00 (no cash purchase).
• Vesting: 750 RSUs vest on each anniversary of the award through March 19, 2029 (750 on 3/19/2027, 750 on 3/19/2028, 750 on 3/19/2029). (Footnotes F1–F2)
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 explains each RSU converts to one share upon vesting and continued service; F2 gives the three‑year annual vesting schedule.
• Filing timeliness: Reported on March 23 for a March 19 award — filed within the normal Form 4 reporting window.

Context
RSUs are a common form of equity compensation and convert into company shares only if the reporting person remains employed through each vesting date; they are not an open-market purchase (so they are not a direct bullish cash investment by the insider). This grant reflects compensation rather than a sale or purchase transaction by the insider.