Perry A. Sook - Mar 2, 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
Chief Executive Officer, Director
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Perry A. Sook
Stock symbol
NXST
Transactions as of
Mar 2, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 05:44 PM
Previous filing
Jan 18, 2023
Next filing
Aug 3, 2023

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 +53.7K +20.46% $0.00 316K Mar 2, 2023 Common Stock 53.7K Direct F1, F2, F3
transaction NXST Restricted Stock Units Award $0 +53.7K +16.98% $0.00 370K Mar 2, 2023 Common Stock 53.7K 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 53,700 RSUs were awarded on March 2, 2023, of which 26,850 RSUs vest at each anniversary date of the award through March 2, 2025.
F3 The RSUs/performance-based RSUs ("PSUs") have no expiration and are subject to accelerated vesting in the event of termination of the Reporting Person's employment under certain circumstances, including change in control, a reason by the Company other than for cause, or for good reason.
F4 53,700 target PSUs were awarded on March 2, 2023, of which 26,850 PSUs vest on March 2, 2024 and 26,850 PSUs vest on March 2, 2025, subject to the achievement of the pre-established company performance metric. The indicated number of PSUs assumes 100% vesting at target. The number of PSUs that may be earned is between 0% and 200% of the target number of PSUs. The actual number of shares of common stock issued at each vesting date may be more or less than the indicated target number.