Rachel Morgan - Jun 27, 2024 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Signature
/s/ Mark Hoyla, Attorney-in-Fact for Rachel Morgan
Stock symbol
NXST
Transactions as of
Jun 27, 2024
Transactions value $
$382,721
Form type
4
Date filed
7/1/2024, 04:47 PM
Previous filing
Jun 18, 2024
Next filing
Aug 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Common Stock Options Exercise $599K +3.75K +98.66% $159.80 7.55K Jun 27, 2024 Direct
transaction NXST Common Stock Tax liability -$217K -1.36K -17.94% $159.80 6.2K Jun 27, 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 -3.75K -100% $0.00* 0 Jun 27, 2024 Common Stock 3.75K 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 7,500 RSUs were awarded on June 27, 2022, of which, 3,750 RSUs vested on each of June 27, 2023 and 2024.
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.