Andrew Alford - May 17, 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
President, Broadcasting
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Andrew Alford
Stock symbol
NXST
Transactions as of
May 17, 2023
Transactions value $
$271,953
Form type
4
Date filed
5/19/2023, 04:46 PM
Previous filing
Apr 18, 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 $204K +1.25K +24.82% $163.28 6.29K May 17, 2023 Direct
transaction NXST Common Stock Options Exercise $204K +1.25K +19.89% $163.28 7.54K May 17, 2023 Direct
transaction NXST Common Stock Sale -$136K -842 -11.17% $161.81 6.69K May 18, 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 -1.25K -7.81% $0.00 14.8K May 17, 2023 Common Stock 1.25K Direct F1, F2, F3
transaction NXST Restricted Stock Units Options Exercise $0 -1.25K -8.47% $0.00 13.5K May 17, 2023 Common Stock 1.25K 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 5,000 RSUs were awarded on May 17, 2021, of which 1,250 RSUs vest at each anniversary of the award through May 17, 2025.
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 5,000 performance-based RSUs ("PSUs") were awarded on May 17, 2021, of which 1,250 PSUs vest at each anniversary of the award through May 17, 2025, subject to the achievement of pre-established company performance metrics. For the 1,250 PSUs that were scheduled to vest on May 17, 2023, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus, the 1,250 PSUs vested in full on May 17, 2023.