Lee Ann Gliha - 03 Jun 2025 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
03 Jun 2025
Net transactions value
-$87,972
Form type
4
Filing time
05 Jun 2025, 14:15:53 UTC
Previous filing
28 May 2025
Next filing
17 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Gliha Lee Ann EVP, Chief Financial Officer 545 E. JOHN CARPENTER FREEWAY, IRVING /s/ Mark Hoyla, Attorney-in-Fact for Lee Ann Gliha 05 Jun 2025 0001878264

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Common Stock Options Exercise $0 +656 +6% $0.000000 11,579 03 Jun 2025 Direct F1, F2
transaction NXST Common Stock Options Exercise $0 +656 +5.7% $0.000000 12,235 03 Jun 2025 Direct F1, F3
transaction NXST Common Stock Sale $87,972 -526 -4.3% $167.25 11,709 04 Jun 2025 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 -656 -50% $0.000000 657 03 Jun 2025 Common Stock 656 Direct F1, F2, F5
transaction NXST Restricted Stock Units Options Exercise $0 -656 -50% $0.000000 657 03 Jun 2025 Common Stock 656 Direct F1, F3, F5
* 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 metric.
F2 2,625 RSUs were awarded on June 3, 2022, of which, 656 RSUs each vested on June 3, 2023, 2024 and 2025, and, 657 RSUs will vest on June 3, 2026.
F3 2,625 PSUs were awarded on June 3, 2022, of which, 656 PSUs each vested on June 3, 2023, 2024 and 2025, and, 657 PSUs will vest on June 3, 2026, subject to the achievement of pre-established company performance metric. For the 656 PSUs that vested on June 3, 2025, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied.
F4 The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs and PSUs that vested on June 3, 2025.
F5 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.