Lanzano Dan 4

4 · NEXSTAR MEDIA GROUP, INC. · Filed Mar 26, 2026

AI-generated summary of this filing

Updated Mar 26, 2026

Nexstar (NXST) President Dan Lanzano Sells Shares to Cover Taxes

What Happened

Dan Lanzano, President, National Advertising Sales of Nexstar Media Group (NXST), had 375 time-based RSUs convert into 375 shares of common stock on March 24, 2026 (vesting per prior award).
To satisfy tax withholding related to that RSU vesting, Lanzano sold 138 shares on the open market on March 25, 2026 at $218.53 per share for proceeds of $30,157. The filing also shows 375 shares were treated/disposed in connection with the RSU settlement (share withholding).

Key Details

Transaction dates and prices:
- 2026-03-24: 375 RSUs converted into 375 shares (exercise/conversion, code M) at $0.00 per share (vesting event).
- 2026-03-24: 375 shares disposed in connection with the RSU settlement (derivative disposition reported at $0.00).
- 2026-03-25: 138 shares sold (open market) at $218.53 each — total proceeds $30,157.
Shares owned after transaction: Not specified in the information provided on this filing.
Notable footnotes:
- The RSUs were part of a 1,125-RSU award on March 24, 2025, with 375 RSUs vesting each anniversary through March 24, 2028.
- The sale was to cover tax withholding obligations related to the RSU vesting.
Filing timeliness: Form 4 was filed March 26, 2026 for a March 24–25, 2026 transaction — appears to be a timely filing.

Context

This sequence (RSU vesting, shares converted, then shares sold or withheld to cover taxes) is a common, routine administrative transaction and does not necessarily indicate a change in the insider’s view of the company.
Code meanings: M = exercise/conversion of a derivative (here, RSU vesting/conversion); S = sale (open market).

Form 4

Period: 2026-03-24

See Remarks

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-03-24+375→ 375 total
Sale
Common Stock
[F3]
2026-03-25$218.53/sh−138$30,157→ 237 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-03-24−375→ 750 total
→ Common Stock (375 underlying)

Footnotes (3)

[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]1,125 RSUs were awarded on March 24, 2025, of which 375 RSUs vest at each anniversary date of the award through March 24, 2028.
[F3]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 that vested on March 24, 2026.

Signature

/s/ Mark Hoyla, Attorney-in-Fact for Dan Lanzano|2026-03-26

1 file