Lee Ann Gliha - Aug 13, 2022 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
EVP, Chief Financial Officer
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Lee Ann Gliha
Stock symbol
NXST
Transactions as of
Aug 13, 2022
Transactions value $
$376,801
Form type
4
Date filed
8/16/2022, 11:04 AM
Previous filing
Jun 6, 2022
Next filing
Jun 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Common Stock Options Exercise $249K +1.25K $199.26 1.25K Aug 13, 2022 Direct
transaction NXST Common Stock Tax liability -$60.8K -305 -24.4% $199.26 945 Aug 13, 2022 Direct
transaction NXST Common Stock Options Exercise $249K +1.25K +132.28% $199.26 2.2K Aug 13, 2022 Direct
transaction NXST Common Stock Tax liability -$60.6K -304 -13.85% $199.26 1.89K Aug 13, 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 -8.2% $0.00 14K Aug 13, 2022 Common Stock 1.25K Direct F1, F2, F3
transaction NXST Restricted Stock Units Options Exercise $0 -1.25K -8.93% $0.00 12.8K Aug 13, 2022 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 Common Stock on a one-for-one basis at the vesting date.
F2 5,000 RSUs were awarded on August 13, 2021, of which 1,250 RSUs vest at each anniversary of the award through August 13, 2025.
F3 The RSUs/PSUs have no expiration. However, any and all unvested portion of RSUs/PSUs 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 August 13, 2021, of which 1,250 PSUs vest at each anniversary of the award through August 13, 2025, subject to the achievement of pre-established company performance metrics. For the 1,250 PSUs that were scheduled to vest on August 13, 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 August 13, 2022.