Rachel Morgan - May 23, 2024 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

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	Award	$0	+3K		$0.00	3K	May 23, 2024	Common Stock	3K		Direct	F1, F2, F3, F4
transaction	NXST	Restricted Stock Units	Award	$0	+3K		$0.00	3K	May 23, 2024	Common Stock	3K		Direct	F1, F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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	3,000 RSUs were awarded on May 23, 2024, of which 750 RSUs vest at each anniversary date of the award through May 23, 2028.
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	In the Reporting Person's prior Form 4, the number of other derivative securities beneficially owned following the reported transaction were included. Going forward, only the number of the derivative securities for which the transaction is being disclosed will be reflected.
F5	3,000 PSUs were awarded on May 23, 2024, of which 750 PSUs vest at each anniversary date of the award through May 23, 2028, subject to the achievement of the pre-established company performance metric.