Thomas Carter - Mar 20, 2022 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
President and COO
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Thomas Carter
Stock symbol
NXST
Transactions as of
Mar 20, 2022
Transactions value $
-$6,714
Form type
4
Date filed
3/22/2022, 09:30 PM
Previous filing
Mar 2, 2022
Next filing
Apr 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Class A Common Stock Options Exercise $585K +3.13K +3.36% $187.06 96.1K Mar 20, 2022 Direct
transaction NXST Class A Common Stock Options Exercise $585K +3.13K +3.25% $187.06 99.2K Mar 20, 2022 Direct
transaction NXST Class A Common Stock Sale -$1.18M -6.25K -6.3% $188.13 93K Mar 22, 2022 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 -3.13K -2.05% $0.00 149K Mar 20, 2022 Class A Common Stock 3.13K Direct F1, F2, F3
transaction NXST Restricted Stock Units Options Exercise $0 -3.13K -2.09% $0.00 146K Mar 20, 2022 Class A Common Stock 3.13K 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 12,500 performance-based RSUs ("PSUs") were awarded on March 20, 2019, of which 3,125 PSUs vest at each anniversary of the award through March 20, 2023, subject to continued employment and achievement of pre-established performance metrics. For the 3,125 PSUs that were scheduled to vest on March 20, 2022, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus, the 3,125 PSUs vested in full on March 20, 2022.
F3 The RSUs/PSUs have no expiration. However, any and all unvested portion of RSUs and PSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.
F4 12,500 RSUs were awarded on March 20, 2019, of which 3,125 RSUs vest at each anniversary of the award through March 20, 2023.