Gliha Lee Ann 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Nexstar (NXST) CFO Lee Sells 1,337 Shares to Cover Taxes
What Happened
Gliha Lee, Chief Financial Officer of Nexstar Media Group (NXST), had restricted stock units (RSUs) and performance stock units (PSUs) vest on March 24, 2026, converting into 3,345 shares (1,875 RSUs + 1,470 PSUs). On March 25, 2026 she sold 1,337 shares in an open-market transaction at $218.53 per share, generating proceeds of $292,177. The sale was made to satisfy tax-withholding obligations tied to the vesting (not a new purchase).
Key Details
- Transaction dates and prices:
- 2026-03-24: 1,875 RSUs vested and converted to 1,875 shares (acquired at $0.00 upon vesting).
- 2026-03-24: 1,407 target PSUs vested and, due to performance, converted into 1,470 shares (acquired at $0.00).
- 2026-03-25: 1,337 shares sold open-market at $218.53 each = $292,177 proceeds.
- Shares received from vesting on 3/24/2026: total 3,345 shares (1,875 RSUs + 1,470 PSUs).
- Shares sold to cover tax withholding; filing footnote confirms the sale was for tax withholding related to the settled RSUs/PSUs.
- Filing status: reported on Form 4 filed 2026-03-26; the filing appears timely (no late-filing indicator provided).
- Shares owned after the transaction: not specified in the provided filing summary.
Context
- RSUs convert to one share each upon vesting (time-based). PSUs pay out between 0%–150% of target based on company performance; Nexstar’s committee determined 104.54% of target was earned for the 2026 vesting, converting 1,407 target PSUs into 1,470 shares.
- This was not a purchase (no bullish signal implied); it’s a routine tax-withholding sale following equity award vesting.
Insider Transaction Report
Form 4
Gliha Lee Ann
EVP, Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-03-24+1,875→ 16,722 total - Exercise/Conversion
Common Stock
[F3][F4]2026-03-24+1,470→ 18,192 total - Sale
Common Stock
[F5]2026-03-25$218.53/sh−1,337$292,177→ 16,855 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-24−1,875→ 3,750 total→ Common Stock (1,875 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-24−1,407→ 4,218 total→ Common Stock (1,470 underlying)
Footnotes (5)
- [F1]Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock subject to the Reporting Person's continued service through the applicable vesting date.
- [F2]5,625 RSUs were awarded on March 24, 2025, of which 1,875 RSUs vest at each anniversary date of the award through March 24, 2028.
- [F3]Each Performance-based restricted stock unit ("PSU") represents the right to receive, following vesting, between 0% and 150% of one share of Nexstar's Common Stock, subject to the level of achievement of pre-established company performance metrics and Reporting Person's continued service through the applicable vesting date.
- [F4]5,625 target PSUs were awarded on March 24, 2025, of which 1,407, 1,406 and 2,812 PSUs vest on March 24, 2026, 2027 and 2028, respectively, subject to the achievement of the pre-established company performance metrics. The number of shares of Nexstar's common stock that may be earned is between 0% and 150% of the target number of PSUs. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions to receive 104.54% of the target number of PSUs were satisfied. Thus, the 1,407 target PSUs that vested on March 24, 2026 were converted into 1,470 shares of Nexstar common stock.
- [F5]The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs and PSUs that vested on March 24, 2026.
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Lee Ann Gliha|2026-03-26