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

Role
President & COO
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Michael Biard
Issuer symbol
NXST
Transactions as of
21 Aug 2023
Net transactions value
$0
Form type
3
Filing time
22 Aug 2023, 15:47:37 UTC
Next filing
28 May 2024
SEC
View on sec.gov

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 21 Aug 2023 Common Stock 25,000 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.