Geoffrey Armstrong - Apr 10, 2022 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role: Director
Signature: /s/ Mark Hoyla, Attorney-in-Fact for Geoff Armstrong
Stock symbol: NXST
Transactions as of: Apr 10, 2022
Transactions value $: $107,244
Form type: 4
Date filed: 4/12/2022, 03:35 PM
Previous filing: Mar 22, 2022
Next filing: May 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXST	Class A Common Stock	Options Exercise	$107K	+625	+5.32%	$171.59	12.4K	Apr 10, 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	-625	-19.23%	$0.00	2.63K	Apr 10, 2022	Class A Common Stock	625		Direct	F1, F2, F3

* 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	2,500 RSUs were awarded on April 10, 2020, of which 625 RSUs vest at each anniversary of the award through April 10, 2024.
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.