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

Role
EVP, Operations
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Blake Russell
Stock symbol
NXST
Transactions as of
May 17, 2024
Transactions value $
$224,232
Form type
4
Date filed
5/21/2024, 06:11 PM
Previous filing
Apr 12, 2024
Next filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Common Stock Options Exercise $297K +1.75K +7.23% $169.56 26K May 17, 2024 Direct
transaction NXST Common Stock Sale -$72.5K -433 -1.67% $167.43 25.5K May 20, 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 -1.75K -50% $0.00 1.75K May 17, 2024 Common Stock 1.75K 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 7,000 RSUs were awarded on May 17, 2021, of which, 1,750 RSUs vest at each anniversary of the award through May 17, 2025.
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.