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

Role
President, Distribution & Strategy
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Dana Zimmer
Issuer symbol
NXST
Transactions as of
03 Jun 2024
Net transactions value
+$164,037
Form type
4
Filing time
05 Jun 2024, 18:27:19 UTC
Previous filing
28 May 2024
Next filing
18 Jun 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 $152,978 +938 +20% $163.09 5,590 03 Jun 2024 Direct
transaction NXST Common Stock Options Exercise $152,978 +938 +17% $163.09 6,528 03 Jun 2024 Direct
transaction NXST Common Stock Sale $141,920 -887 -14% $160.00 5,641 04 Jun 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 -938 -33% $0.000000 1,875 03 Jun 2024 Common Stock 938 Direct F1, F2, F3
transaction NXST Restricted Stock Units Options Exercise $0 -938 -33% $0.000000 1,875 03 Jun 2024 Common Stock 938 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 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.
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 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.

Remarks:

President, Distribution & Strategy