| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NXST | Common Stock | Options Exercise | $141K | +938 | +8.36% | $150.56 | 12.2K | Jun 14, 2024 | Direct | |
| transaction | NXST | Common Stock | Options Exercise | $141K | +938 | +7.72% | $150.56 | 13.1K | Jun 14, 2024 | Direct | |
| transaction | NXST | Common Stock | Sale | -$111K | -746 | -5.7% | $149.08 | 12.3K | Jun 17, 2024 | Direct | F1 |
| 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 | -25.01% | $0.00 | 2.81K | Jun 14, 2024 | Common Stock | 938 | Direct | F2, F3, F4 | |
| transaction | NXST | Restricted Stock Units | Options Exercise | $0 | -938 | -25.01% | $0.00 | 2.81K | Jun 14, 2024 | Common Stock | 938 | Direct | F2, F4, F5 |
| Id | Content |
|---|---|
| F1 | The sale reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs") and performance-based restricted stock units ("PSUs"). The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction. |
| F2 | Each time-based RSU is converted into one share of Nexstar's Common Stock at the vesting date. Each PSU represents a contingent right to receive one share of Nexstar's common stock, subject to the achievement of pre-established company performance metrics. |
| F3 | 3,750 RSUs were awarded on June 14, 2023, of which 938 RSUs vested on June 14, 2024, and, 937, 938 and 937 RSUs will vest on June 14, 2025, 2026 and 2027, respectively. |
| F4 | 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. |
| F5 | 3,750 PSUs were awarded on June 14, 2023, of which 938 PSUs vested on June 14, 2024, and, 937, 938 and 937 PSUs will vest on June 14, 2025, 2026 and 2027, respectively, subject to the achievement of pre-established company performance metrics. For the 938 PSUs that vested on June 14, 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 14, 2024. |