GARY WEITMAN - 17 May 2024 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
17 May 2024
Net transactions value
+$224,400
Form type
4
Filing time
21 May 2024, 18:14:53 UTC
Previous filing
12 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 $296,730 +1,750 +18% $169.56 11,334 17 May 2024 Direct
transaction NXST Common Stock Sale $72,330 -432 -3.8% $167.43 10,902 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 -1,750 -50% $0.000000 1,750 17 May 2024 Common Stock 1,750 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.

Remarks:

EVP, Chief Communications Officer