GARY WEITMAN - 03 Jun 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
03 Jun 2023
Net transactions value
+$138,185
Form type
4
Filing time
06 Jun 2023, 19:16:13 UTC
Previous filing
19 May 2023
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 $205,682 +1,312 +20% $156.77 7,739 03 Jun 2023 Direct
transaction NXST Common Stock Sale $67,497 -425 -5.5% $158.82 7,314 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 -1,312 -11% $0.000000 10,563 03 Jun 2023 Common Stock 1,312 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 5,250 RSUs were awarded on June 3, 2022, of which 1,312, 1,313, 1,312 and 1,313 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.

Remarks:

EVP/Chief Communications Officer