SEAN COMPTON - 19 Sep 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: President, Networks
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Sean Compton
Issuer symbol: NXST
Transactions as of: 19 Sep 2023
Net transactions value: +$210,164
Form type: 4
Filing time: 21 Sep 2023, 12:40:44 UTC
Previous filing: 16 Jun 2023
Next filing: 07 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Common Stock	Options Exercise	$377,450	+2,500	+23%	$150.98	13,597	19 Sep 2023	Direct
transaction	NXST	Common Stock	Tax liability	$167,286	-1,108	-8.1%	$150.98	12,489	19 Sep 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	-2,500	-11%	$0.000000	20,626	19 Sep 2023	Common Stock	2,500		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	10,000 RSUs were awarded on September 19, 2019, of which, 2,500 RSUs vest at each anniversary of the award through September 19, 2023.
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.