Lee Ann Gliha - 03 Jun 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
EVP, Chief Financial Officer
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Lee Ann Gliha
Issuer symbol
NXST
Transactions as of
03 Jun 2023
Net transactions value
+$155,337
Form type
4
Filing time
06 Jun 2023, 19:08:33 UTC
Previous filing
16 Aug 2022
Next filing
16 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 $102,841 +656 +35% $156.77 2,547 03 Jun 2023 Direct
transaction NXST Common Stock Options Exercise $102,841 +656 +26% $156.77 3,203 03 Jun 2023 Direct
transaction NXST Common Stock Sale $50,345 -317 -9.9% $158.82 2,886 06 Jun 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 -656 -5.1% $0.000000 12,094 03 Jun 2023 Common Stock 656 Direct F1, F2, F3
transaction NXST Restricted Stock Units Options Exercise $0 -656 -5.4% $0.000000 11,438 03 Jun 2023 Common Stock 656 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 2,625 RSUs were awarded on June 3, 2022, of which 656, 656, 656 and 657 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 2,625 performance-based RSUs ("PSUs") were awarded on June 3, 2022, of which 656, 656, 656 and 657 PSUs will vest on June 3, 2023, 2024, 2025 and 2026, respectively, subject to the achievement of pre-established company performance metrics. For the 656 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 656 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.