SEC Form 4 · accession 0001193125-26-266079
NEXSTAR MEDIA GROUP, INC. · NXST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Biard
Officer — President & COO
Period of report
Jun 8, 2026
Accepted (ET)
Jun 10, 2026 · 5:22 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001142417
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 8, 2026 | M | 3,108 | — | A | 18,332 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jun 8, 2026 | M | 2,500 | D | — | — | Common Stock | 3,108 | 5,000 | D |
Explanation of responses
- F1Each performance-based restricted stock unit ("PSU") represents a contingent right to receive, following vesting, between 0% and 200% of one share of Nexstar's Common Stock, subject to the level of achievement of pre-established company performance metric and Reporting Person's continued service through the applicable vesting date.
- F210,000 target PSUs were awarded on May 23, 2024, of which, 2,500 target PSUs vest at each anniversary of the award through May 23, 2028, subject to the achievement of pre-established company performance metric. The number of shares of Nexstar's common stock that may be earned is between 0% and 200% 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 124.33% of the target number of PSUs were satisfied. Thus, the 2,500 target PSUs were vested and converted into 3,108 shares of Nexstar common stock on June 8, 2026.