ANDREW ALFORD - 17 May 2024 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
President, Broadcasting
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Andrew Alford
Issuer symbol
NXST
Transactions as of
17 May 2024
Transactions value $
$256,803
Form type
4
Filing time
21 May 2024, 18:01:26 UTC
Previous filing
16 Apr 2024
Next filing
28 May 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 $212K +1.25K +14.54% $169.56 9.85K 17 May 2024 Direct
transaction NXST Common Stock Options Exercise $212K +1.25K +12.7% $169.56 11.1K 17 May 2024 Direct
transaction NXST Common Stock Sale -$167K -998 -9% $167.43 10.1K 20 May 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 -1.25K -50% $0.00 1.25K 17 May 2024 Common Stock 1.25K Direct F1, F2, F3
transaction NXST Restricted Stock Units Options Exercise $0 -1.25K -50% $0.00 1.25K 17 May 2024 Common Stock 1.25K 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 5,000 RSUs were awarded on May 17, 2021, of which, 1,250 RSUs vest at each anniversary of the award through May 17, 2025.
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 5,000 PSUs were awarded on May 17, 2021, of which 1,250 PSUs vest at each anniversary of the award through May 17, 2025, subject to the achievement of pre-established company performance metrics. For the 1,250 PSUs that were scheduled to vest on May 17, 2024, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus, the 1,250 PSUs vested in full on May 17, 2024.