GARY WEITMAN - 17 May 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
17 May 2023
Net transactions value
+$216,160
Form type
4
Filing time
19 May 2023, 16:53:57 UTC
Previous filing
12 Apr 2023
Next filing
06 Jun 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 $285,740 +1,750 +34% $163.28 6,857 17 May 2023 Direct
transaction NXST Common Stock Sale $69,580 -430 -6.3% $161.81 6,427 18 May 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 -1,750 -13% $0.000000 11,875 17 May 2023 Common Stock 1,750 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 7,000 RSUs were awarded on May 17, 2021, of which 1,750 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.

Remarks:

EVP/Chief Communications Officer