GARY WEITMAN - 10 Apr 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
EVP/Chief Communications Officer
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Gary Weitman
Issuer symbol
NXST
Transactions as of
10 Apr 2023
Net transactions value
+$333,043
Form type
4
Filing time
12 Apr 2023, 18:21:57 UTC
Previous filing
21 Sep 2022
Next filing
19 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Common Stock Options Exercise $440,300 +2,500 +78% $176.12 5,716 10 Apr 2023 Direct
transaction NXST Common Stock Tax liability $107,257 -609 -11% $176.12 5,107 10 Apr 2023 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 -2,500 -16% $0.000000 13,625 10 Apr 2023 Common Stock 2,500 Direct F1, F2, F3
* 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 10,000 RSUs were awarded on April 10, 2020, of which, 2,500 RSUs vest at each anniversary of the award through April 10, 2024.
F3 The restricted stock units have no expiration. However, any and all unvested portion of restricted stock units shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.

Remarks:

EVP/Chief Communications Officer