Andrew Alford - May 17, 2022 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
President, Broadcasting
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Andrew Alford
Stock symbol
NXST
Transactions as of
May 17, 2022
Transactions value $
$270,256
Form type
4
Date filed
5/19/2022, 12:27 PM
Previous filing
Apr 19, 2022
Next filing
Jun 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Class A Common Stock Options Exercise $223K +1.25K +17.78% $178.48 8.28K May 17, 2022 Direct
transaction NXST Class A Common Stock Options Exercise $223K +1.25K +15.09% $178.48 9.53K May 17, 2022 Direct
transaction NXST Class A Common Stock Sale -$176K -1.01K -10.62% $173.86 8.52K May 18, 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 -1.25K -9.62% $0.00 11.8K May 17, 2022 Class A Common Stock 1.25K Direct F1, F2, F3
transaction NXST Restricted Stock Units Options Exercise $0 -1.25K -10.64% $0.00 10.5K May 17, 2022 Class A Common Stock 1.25K 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 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, 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.
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. For the 1,250 PSUs that were scheduled to vest on May 17, 2022, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus, the 1,250 PSUs vested in full on May 17, 2022.