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

Role
EVP/Chief Communications Officer
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Gary Weitman
Issuer symbol
NXST
Transactions as of
19 Sep 2023
Net transactions value
+$57,221
Form type
4
Filing time
21 Sep 2023, 12:44:49 UTC
Previous filing
16 Jun 2023
Next filing
12 Apr 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 $94,362 +625 +8.5% $150.98 7,939 19 Sep 2023 Direct
transaction NXST Common Stock Tax liability $37,141 -246 -3.1% $150.98 7,693 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 -625 -4% $0.000000 15,188 19 Sep 2023 Common Stock 625 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 2,500 RSUs were awarded on September 19, 2019, of which, 625 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.

Remarks:

EVP/Chief Communications Officer