Blake Russell - Jun 14, 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
EVP, Station Operations
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Blake Russell
Stock symbol
NXST
Transactions as of
Jun 14, 2023
Transactions value $
$0
Form type
4
Date filed
6/16/2023, 11:44 AM
Previous filing
Jun 6, 2023
Next filing
Jun 27, 2023

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 Award $0 +2.63K +26.41% $0.00 12.6K Jun 14, 2023 Common Stock 2.63K Direct F1, F2, F3
transaction NXST Restricted Stock Units Award $0 +2.63K +20.89% $0.00 15.2K Jun 14, 2023 Common Stock 2.63K 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") and performance based restricted stock units ("PSUs") 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 14, 2023, of which 656, 657, 656 and 656 RSUs vest on June 14, 2024, 2025, 2026 and 2027, respectively.
F3 The RSUs and PSUs have no expiration. However, any and all unvested portion of RSUs and PSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.
F4 2,625 PSUs were awarded on June 14, 2023, of which 656, 657, 656 and 656 PSUs vest on June 14, 2024, 2025, 2026 and 2027, respectively, subject to the achievement of pre-established company performance metric.