Karen A. Brophy - May 17, 2021 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
President, Digital
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Karen A. Brophy
Stock symbol
NXST
Transactions as of
May 17, 2021
Transactions value $
$0
Form type
4
Date filed
5/19/2021, 02:05 PM
Next filing
Mar 2, 2022

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 Award $0 +5K +173.91% $0.00 7.88K May 17, 2021 Class A Common Stock0 5K Direct F1, F2, F3
transaction NXST Restricted Stock Units Award $0 +5K +63.49% $0.00 12.9K May 17, 2021 Class A Common Stock 5K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As restricted stock units ("RSUs") vest, they are converted into shares of Class A Common Stock on a one-for-one basis at the vesting date.
F2 5,000 Restricted Stock Units (RSUs) were awarded on May 17, 2021, of which, 1,250 RSUs vest at each anniversary of the award through May 17, 2025.
F3 The RSUs have no expiration. However, 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 5,000 performance-based RSUs ("PSUs") were awarded on May 17, 2021, of which 1,250 PSUs vest at each anniversary of the award through May 17, 2025, subject to the achievement of pre-established company performance metrics.