Michael Biard - Aug 21, 2023 Form 3 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
President & COO
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Michael Biard
Stock symbol
NXST
Transactions as of
Aug 21, 2023
Transactions value $
$0
Form type
3
Date filed
8/22/2023, 03:47 PM
Next filing
May 28, 2024

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
holding NXST Restricted Stock Units Aug 21, 2023 Common Stock 25K Direct F1, F2, F3
* 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.
F2 25,000 RSUs were awarded on August 21, 2023, of which, 6,250 RSUs vest at each anniversary of the award through August 21, 2027.
F3 The RSUs have no expiration. However, any and all unvested portion of RSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.