v3.26.1
Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Equity

Note 11: Equity

The holders of common stock are entitled to one vote per share. The common stockholders are entitled to receive cash dividends, subject to the rights of holders of any series of preferred stock, on an equal per share basis. Nexstar’s senior secured credit facility provides limits on the amount of dividends the Company may pay to stockholders during the term of Nexstar’s credit agreement.

Nexstar’s board of directors has authorized a stock repurchase program under which Nexstar may repurchase shares of its common stock from time to time in open market transactions, block trades or privately negotiated transactions, including through Rules 10b5-1 and 10b-18 plans. The program has no minimum number of shares that Nexstar is required to purchase, has no expiration date and may be modified, suspended or discontinued at any time without prior notice. As of June 30, 2026, $1.4 billion remained available for repurchases under the authorization.

On June 16, 2026, Nexstar’s stockholders approved the Nexstar Media Group, Inc. 2026 Long-Term Omnibus Incentive Plan (the “2026 Plan”) which replaced the Nexstar Media Group, Inc. 2019 Long-Term Equity Incentive Plan (the “2019 Plan”). A maximum of 3,058,400 shares in stock-based awards may be issued under the 2026 Plan and no future awards will be made under the 2019 Plan.