Michael Strober - 03 Jan 2023 Form 3 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
EVP, Chief Revenue Officer
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Michael Strober
Issuer symbol
NXST
Transactions as of
03 Jan 2023
Net transactions value
$0
Form type
3
Filing time
05 Jan 2023, 15:18:48 UTC
Next filing
16 Jun 2023
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
holding NXST Restricted Stock Units 03 Jan 2023 Common Stock 6,666 $0.000000 Direct F1, F2, F3
holding NXST Restricted Stock Units 03 Jan 2023 Common Stock 3,334 $0.000000 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 Common Stock on a one-for-one basis at the vesting date.
F2 6,666 RSUs were awarded on January 3, 2023, of which, 3,333, 1,666, and 1,667 RSUs vest on January 3, 2024, January 3, 2025, and January 3, 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 3,334 performance-based RSUs ("PSUs") were awarded on January 3, 2023, of which 1,667 PSUs vest on March 1, 2025 and 1,667 PSUs vest on March 1, 2026, 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.