Geoffrey Armstrong - May 17, 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
May 17, 2022
Transactions value $
$178,480
Form type
4
Date filed
5/19/2022, 12:34 PM
Previous filing
May 13, 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 $178K +1K +8.08% $178.48 13.4K May 17, 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 -1K -38.1% $0.00 1.63K May 17, 2022 Class A Common Stock 1K 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 1,000 RSUs were awarded on May 17, 2021, all of which were fully vested on May 17, 2022.
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.