Lee Ann Gliha - 20 Dec 2024 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
EVP, Chief Financial Officer
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Lee Ann Gliha
Issuer symbol
NXST
Transactions as of
20 Dec 2024
Net transactions value
-$52,215
Form type
4
Filing time
23 Dec 2024, 18:27:23 UTC
Previous filing
15 Aug 2024
Next filing
26 Mar 2025
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 $0 +833 +10% $0.000000 8,940 20 Dec 2024 Direct F1
transaction NXST Common Stock Sale $52,215 -330 -3.7% $158.23 8,610 23 Dec 2024 Direct F4

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 -833 -33% $0.000000 1,667 20 Dec 2024 Common Stock 833 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 2,500 RSUs were awarded on December 20, 2023, of which 833 RSUs vested on December 20, 2024 and, 833 and 834 RSUs will vest on December 20, 2025 and 2026, respectively.
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.
F4 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 RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.