Thomas Carter - Sep 25, 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
Senior Advisor
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Thomas Carter
Stock symbol
NXST
Transactions as of
Sep 25, 2023
Transactions value $
$2,076,588
Form type
4
Date filed
9/27/2023, 09:59 AM
Previous filing
Sep 5, 2023
Next filing
Nov 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Common Stock Options Exercise $1.71M +12.5K +16.25% $136.96 89.4K Sep 25, 2023 Direct
transaction NXST Common Stock Tax liability -$674K -4.92K -5.5% $136.96 84.5K Sep 25, 2023 Direct
transaction NXST Common Stock Options Exercise $1.71M +12.5K +14.79% $136.96 97K Sep 25, 2023 Direct
transaction NXST Common Stock Tax liability -$674K -4.92K -5.07% $136.96 92.1K Sep 25, 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 -12.5K -23.32% $0.00 41.1K Sep 25, 2023 Common Stock 12.5K Direct F1, F2, F3
transaction NXST Restricted Stock Units Options Exercise $0 -12.5K -30.41% $0.00 28.6K Sep 25, 2023 Common Stock 12.5K 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 37,500 PSUs were awarded on September 25, 2020, of which 12,500 PSUs vest at each anniversary of the award through September 25, 2023, subject to the achievement of pre-established company performance metrics. For the 12,500 PSUs that were scheduled to vest on September 25, 2023, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus, the 12,500 PSUs vested in full on September 25, 2023.
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 37,500 RSUs were awarded on September 25, 2020, of which, 12,500 RSUs vest at each anniversary of the award through September 25, 2023.