Sean Compton - 03 Jun 2024 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Reporting relationship: President, Networks
Issuer ticker: NXST
Reported as of: 03 Jun 2024
Net transaction value: +$170,117
SEC form: 4
Accepted by SEC: 05 Jun 2024, 18:22:44 UTC
Prior SEC filing: 28 May 2024
Next SEC filing: 18 Jun 2024
Source filing: View source filing
Reporting owner signature: /s/ Mark Hoyla, Attorney-in-Fact for Sean Compton

Key filing fact

Sean Compton filed Form 4 for NEXSTAR MEDIA GROUP, INC. (NXST) on 05 Jun 2024.

Key facts

This page summarizes Sean Compton's Form 4 filing for NEXSTAR MEDIA GROUP, INC. (NXST).
5 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 05 Jun 2024, 18:22.

Change

Previous filing in this sequence was filed on 28 May 2024.
Current net transaction value: +$170,117.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NXST transaction

Common Stock

Options Exercise

Transaction value: $152,978
Shares: +938
Change %: +7.5%
Price: $163.09
Shares after: 13,489
Date: 03 Jun 2024
Ownership: Direct

NXST transaction

Common Stock

Options Exercise

Transaction value: $152,978
Shares: +938
Change %: +7%
Price: $163.09
Shares after: 14,427
Date: 03 Jun 2024
Ownership: Direct

NXST transaction

Common Stock

Sale

Transaction value: $135,840
Shares: -849
Change %: -5.9%
Price: $160.00
Shares after: 13,578
Date: 04 Jun 2024
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NXST transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -938
Change %: -33%
Price: $0.000000
Shares after: 1,875
Date: 03 Jun 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 938
Exercise price
Footnotes: F1, F2, F3

NXST transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -938
Change %: -33%
Price: $0.000000
Shares after: 1,875
Date: 03 Jun 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 938
Exercise price
Footnotes: F1, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

3,750 RSUs were awarded on June 3, 2022, of which 937 and 938 RSUs vested on June 3, 2023 and 2024, respectively, and, 937 and 938 RSUs will vest on June 3, 2025 and 2026, respectively.

Footnote 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.

Footnote F4

3,750 PSUs were awarded on June 3, 2022, of which 937 and 938 PSUs vested on June 3, 2023 and 2024, respectively, and, 937 and 938 PSUs will vest on June 3, 2025 and 2026, respectively, subject to the achievement of pre-established company performance metrics. For the 938 PSUs that vested on June 3, 2024, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus the 938 PSUs vested in full on June 3, 2024.