Thomas Carter - Apr 10, 2023 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
Apr 10, 2023
Transactions value $
$266,998
Form type
4
Date filed
4/12/2023, 06:25 PM
Previous filing
Mar 29, 2023
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 $341K +1.94K +2.52% $176.12 79K Apr 10, 2023 Direct
transaction NXST Common Stock Tax liability -$134K -763 -0.97% $176.12 78.2K Apr 10, 2023 Direct
transaction NXST Common Stock Options Exercise $99.2K +563 +0.72% $176.12 78.8K Apr 10, 2023 Direct
transaction NXST Common Stock Tax liability -$39.1K -222 -0.28% $176.12 78.6K Apr 10, 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 -1.94K -2.32% $0.00 81.7K Apr 10, 2023 Common Stock 1.94K Direct F1, F2, F3
transaction NXST Restricted Stock Units Options Exercise $0 -563 -0.69% $0.00 81.1K Apr 10, 2023 Common Stock 563 Direct F1, F3, F4
transaction NXST Restricted Stock Units Disposed to Issuer $0 -2.5K -3.08% $0.00 78.6K Apr 10, 2023 Common Stock 2.5K Direct F1, F3, 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 7,750 RSUs were awarded on April 10, 2020, of which, 1,938, 1,937, 1,938 and 1,937 RSUs vest at each anniversary of the award through April 10, 2024.
F3 The RSUs/PSUs have no expiration. However, any and all unvested portion of RSUs and PSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.
F4 2,250 RSUs were awarded on April 10, 2020, of which, 563, 562, 563 and 562 RSUs vest at each anniversary of the award through April 10, 2024.
F5 10,000 performance-based RSUs ("PSUs") were awarded on April 10, 2020, of which 2,500 PSUs vest at each anniversary of the award through April 10, 2024, subject to the achievement of pre-established company performance metrics. For the 2,500 PSUs that were scheduled to vest on April 10, 2023, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were not satisfied, thus, the 2,500 PSUs were forfeited.