Andrew Alford - Jun 3, 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
Jun 3, 2023
Transactions value $
$178,009
Form type
4
Date filed
6/6/2023, 07:05 PM
Previous filing
May 19, 2023
Next filing
Jun 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Common Stock Options Exercise $147K +937 +14% $156.77 7.63K Jun 3, 2023 Direct
transaction NXST Common Stock Options Exercise $147K +937 +12.28% $156.77 8.57K Jun 3, 2023 Direct
transaction NXST Common Stock Sale -$116K -729 -8.51% $158.82 7.84K Jun 6, 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 -937 -6.94% $0.00 12.6K Jun 3, 2023 Common Stock 937 Direct F1, F2, F3
transaction NXST Restricted Stock Units Options Exercise $0 -937 -7.46% $0.00 11.6K Jun 3, 2023 Common Stock 937 Direct F1, F4, 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 3,750 RSUs were awarded on June 3, 2022, of which 937, 938, 937 and 938 RSUs will vest on June 3, 2023, 2024, 2025 and 2026, respectively.
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 3,750 performance-based RSUs ("PSUs") were awarded on June 3, 2022, of which 937, 938, 937 and 938 PSUs will vest on June 3, 2023, 2024, 2025 and 2026, respectively, subject to the achievement of pre-established company performance metrics. For the 937 PSUs that were scheduled to vest on June 3, 2023, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus the 937 PSUs vested in full on June 3, 2023.
F5 The PSUs have no expiration. However, any and all unvested portion of PSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.