Aulestia Bernadette S. 4

What Happened
Bernadette S. Aulestia, a director of NEXSTAR MEDIA GROUP, INC. (NXST), had 1,123 restricted stock units (RSUs) convert into 1,123 shares of Nexstar common stock on March 24, 2026. The filing shows an "exercise or conversion of derivative" (transaction code M) for 1,123 shares acquired at $0.00 and a corresponding derivative disposition at $0.00 — indicating RSUs vested and were converted to shares with no cash paid or received.

Key Details

• Transaction date: March 24, 2026; Form 4 filed March 25, 2026 (timely filing).
• Transaction type: Conversion of RSUs to common stock (derivative exercise/conversion, code M). Price: $0.00 per share; total reported value $0.
• Shares involved: 1,123 RSUs converted into 1,123 common shares.
• Shares owned following the transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU converts to one share upon vesting; F2 — these 1,123 RSUs were granted March 24, 2025 and fully vested March 24, 2026.
• No sale reported — this was vesting/conversion, not a market sale or open-market purchase.

Context

• This is a routine compensation event: RSUs vesting and converting to stock is common for executives/directors and does not by itself indicate buying or selling pressure.
• For derivative transactions like this, $0 exercise price and a matching derivative disposition typically reflect termination of the RSU award on vesting rather than a cash exercise or immediate sale.