Thomas Carter - Sep 25, 2022 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
President and COO
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Thomas Carter
Stock symbol
NXST
Transactions as of
Sep 25, 2022
Transactions value $
$2,577,155
Form type
4
Date filed
9/27/2022, 03:19 PM
Previous filing
Aug 18, 2022
Next filing
Nov 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Common Stock Options Exercise $2.13M +12.5K +14.32% $170.04 99.8K Sep 25, 2022 Direct
transaction NXST Common Stock Options Exercise $2.13M +12.5K +12.53% $170.04 112K Sep 25, 2022 Direct
transaction NXST Common Stock Sale -$1.67M -9.74K -8.67% $171.91 103K Sep 27, 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 -12.5K -8.85% $0.00 129K Sep 25, 2022 Common Stock 12.5K Direct F1, F2, F3
transaction NXST Restricted Stock Units Options Exercise $0 -12.5K -9.71% $0.00 116K Sep 25, 2022 Common Stock 12.5K 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 37,500 performance-based RSUs ("PSUs") were awarded on September 25, 2020, of which 12,500 PSUs vest at each anniversary of the award through September 25, 2023, subject to the achievement of pre-established company performance metrics. For the 12,500 PSUs that were scheduled to vest on September 25, 2022, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus, the 12,500 PSUs vested in full on September 25, 2022.
F3 The RSUs/PSUs have no expiration. However, 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 37,500 RSUs were awarded on September 25, 2020, of which, 12,500 RSUs vest at each anniversary of the award through September 25, 2023.