Johnson Ellen Tobi 4

What Happened Ellen Tobi Johnson, a director of Nexstar Media Group (NXST), received an award of 905 restricted stock units (RSUs) on March 19, 2026. The award was recorded as a derivative grant at $0.00 per unit (no cash paid). Under the grant, each RSU converts into one share of Nexstar common stock at the vesting date, so 905 RSUs will become 905 shares when they vest.

Key Details

• Transaction date: March 19, 2026; Form 4 filed March 20, 2026 (timely filing).
• Grant type/code: A (award/grant of derivative securities — RSUs) at $0.00 per unit.
• Quantity: 905 RSUs awarded; they will convert 1-for-1 to common shares at vesting.
• Vesting: All 905 RSUs fully vest on March 19, 2027 (one-year cliff).
• Post-transaction holdings: Not specified on the Form 4.
• Notable terms: RSUs have no expiration but unvested units are forfeited if the director ceases board service for reasons other than a company change of control.

Context This is a routine equity compensation grant for a director rather than a market purchase or sale; such awards are common as long-term compensation and do not, by themselves, indicate the director is buying or selling stock. The economic interest will materialize only if and when the RSUs vest and are settled as shares.