Lee Ann Gliha - Aug 13, 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
EVP, Chief Financial Officer
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Lee Ann Gliha
Stock symbol
NXST
Transactions as of
Aug 13, 2023
Transactions value $
$259,596
Form type
4
Date filed
8/15/2023, 07:03 PM
Previous filing
Jun 16, 2023
Next filing
Dec 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Common Stock Options Exercise $203K +1.25K +43.31% $162.09 4.14K Aug 13, 2023 Direct
transaction NXST Common Stock Options Exercise $203K +1.25K +30.22% $162.09 5.39K Aug 13, 2023 Direct
transaction NXST Common Stock Sale -$146K -910 -16.9% $160.03 4.48K Aug 15, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NXST Restricted Stock Units Options Exercise $0 -1.25K -6.6% $0.00 17.7K Aug 13, 2023 Common Stock 1.25K Direct F1, F2, F3
transaction NXST Restricted Stock Units Options Exercise $0 -1.25K -7.07% $0.00 16.4K Aug 13, 2023 Common Stock 1.25K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock at the vesting date. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Nexstar's common stock, subject to the achievement of pre-established company performance metrics.
F2 5,000 RSUs were awarded on August 13, 2021, of which 1,250 RSUs vest at each anniversary of the award through August 13, 2025.
F3 The RSUs/PSUs have no expiration. However, any and all unvested portion of RSUs/PSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.
F4 5,000 PSUs were awarded on August 13, 2021, of which 1,250 PSUs vest at each anniversary of the award through August 13, 2025, subject to the achievement of pre-established company performance metrics. For the 1,250 PSUs that were scheduled to vest on August 13, 2023, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus, the 1,250 PSUs vested in full on August 13, 2023.