ALFORD ANDREW 4

What Happened

• Andrew Alford, President, Broadcasting of Nexstar Media Group (NXST), was granted 3,000 restricted stock units (RSUs) on March 19, 2026. The award is reported as a derivative acquisition at $0.00 per RSU (no cash purchase). The filing shows the grant but does not report an immediate transfer of common stock — the RSUs convert into shares upon vesting.

Key Details

• Transaction date: 2026-03-19; Report filed: 2026-03-23 (filed timely).
• Form type / code: Form 4 — Award/Grant (code A); reported as derivative (RSUs).
• Award size and price: 3,000 RSUs granted, reported at $0.00 (no cash paid).
• Vesting schedule (footnotes): 1,000 RSUs vest on each anniversary of the award through March 19, 2029 (i.e., 1,000 on 2027-03-19, 2028-03-19, 2029-03-19), and each RSU converts into one share upon vesting, subject to continued service.
• Shares owned after transaction: Not disclosed in the filing.
• No 10b5-1 plan, tax withholding or sale noted in this filing.

Context

• RSUs are a form of compensation: they convert to common shares only when they vest and typically require continued employment. The reported grant is not a market purchase or sale and does not indicate an immediate change in open-market holdings. As a routine equity award, it reflects compensation practice rather than a direct buy/sell decision by the insider.