Michael Strober - Jan 3, 2024 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
EVP, Chief Revenue Officer
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Michael Strober
Stock symbol
NXST
Transactions as of
Jan 3, 2024
Transactions value $
$325,371
Form type
4
Date filed
1/5/2024, 03:32 PM
Previous filing
Jun 16, 2023
Next filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Common Stock Options Exercise $522K +3.33K $156.73 3.33K Jan 3, 2024 Direct
transaction NXST Common Stock Tax liability -$197K -1.26K -37.71% $156.73 2.08K Jan 3, 2024 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 -3.33K -26.4% $0.00 9.29K Jan 3, 2024 Common Stock 3.33K 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 6,666 RSUs were awarded on January 3, 2023, of which, 3,333, 1,666 and 1,667 RSUs vest at each anniversary of the award through January 3, 2026.
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.