GARY WEITMAN - 14 Jun 2025 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
EVP, Chief Communications Officer
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Gary Weitman
Issuer symbol
NXST
Transactions as of
14 Jun 2025
Net transactions value
-$84,277
Form type
4
Filing time
17 Jun 2025, 18:23:10 UTC
Previous filing
05 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
WEITMAN GARY EVP, Chief Communications Officer 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING /s/ Mark Hoyla, Attorney-in-Fact for Gary Weitman 17 Jun 2025 0001789720

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Common Stock Options Exercise $0 +657 +8.8% $0.000000 8,082 14 Jun 2025 Direct F1, F2
transaction NXST Common Stock Options Exercise $0 +657 +8.1% $0.000000 8,739 14 Jun 2025 Direct F1, F3
transaction NXST Common Stock Sale $84,277 -510 -5.8% $165.25 8,229 17 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 -657 -33% $0.000000 1,312 14 Jun 2025 Common Stock 657 Direct F1, F2, F5
transaction NXST Restricted Stock Units Options Exercise $0 -657 -33% $0.000000 1,312 14 Jun 2025 Common Stock 657 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 14, 2023, of which, 656 and 657 RSUs vested on June 14, 2024 and 2025, respectively, and, 656 RSUs each will vest on June 14, 2026 and 2027.
F3 2,625 PSUs were awarded on June 14, 2023, of which, 656 and 657 PSUs vested on June 14, 2024 and 2025, respectively, and, 656 PSUs each will vest on June 14, 2026 and 2027, subject to the achievement of pre-established company performance metric. For the 657 PSUs that vested on June 14, 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 14, 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.

Remarks:

EVP, Chief Communications Officer