Andrew Alford - 03 Jun 2022 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
President, Broadcasting
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Andrew Alford
Issuer symbol
NXST
Transactions as of
03 Jun 2022
Transactions value $
$0
Form type
4
Filing time
06 Jun 2022, 18:49:10 UTC
Previous filing
19 May 2022
Next filing
01 Dec 2022
SEC
View on sec.gov

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 Award $0 +3.75K +35.71% $0.00 14.3K 03 Jun 2022 Class A Common Stock 3.75K Direct F1, F2, F3
transaction NXST Restricted Stock Units Award $0 +3.75K +26.32% $0.00 18K 03 Jun 2022 Class A Common Stock 3.75K Direct F1, F4, F5
* 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 3,750 RSUs were awarded on June 3, 2022, of which 937, 938, 937 and 938 RSUs will vest on June 3, 2023, 2024, 2025 and 2026, respectively.
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 3,750 performance-based RSUs ("PSUs") were awarded on June 3, 2022, of which 937, 938, 937 and 938 PSUs will vest on June 3, 2023, 2024, 2025 and 2026, respectively, subject to the achievement of pre-established company performance metrics.
F5 The PSUs have no expiration. However, any and all unvested portion of PSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.