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

Role
President, Networks
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Sean Compton
Issuer symbol
NXST
Transactions as of
17 May 2022
Net transactions value
+$248,176
Form type
4
Filing time
19 May 2022, 12:29:31 UTC
Previous filing
12 Apr 2022
Next filing
06 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Class A Common Stock Options Exercise $223,100 +1,250 +19% $178.48 7,933 17 May 2022 Direct
transaction NXST Class A Common Stock Options Exercise $223,100 +1,250 +16% $178.48 9,183 17 May 2022 Direct
transaction NXST Class A Common Stock Sale $198,024 -1,139 -12% $173.86 8,044 18 May 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 -1,250 -6.2% $0.000000 18,750 17 May 2022 Class A Common Stock 1,250 Direct F1, F2, F3
transaction NXST Restricted Stock Units Options Exercise $0 -1,250 -6.7% $0.000000 17,500 17 May 2022 Class A Common Stock 1,250 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.