Rachel Morgan - 27 Jun 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
EVP General Counsel
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Rachel Morgan
Issuer symbol
NXST
Transactions as of
27 Jun 2023
Net transactions value
+$476,119
Form type
4
Filing time
28 Jun 2023, 18:32:26 UTC
Previous filing
16 Jun 2023
Next filing
28 May 2024
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 $629,569 +3,750 $167.88 3,750 27 Jun 2023 Direct
transaction NXST Common Stock Sale $153,450 -937 -25% $163.77 2,813 28 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 -3,750 -29% $0.000000 9,000 27 Jun 2023 Common Stock 3,750 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 7,500 RSUs were awarded on June 27, 2022, of which 3,750 RSUs vest at each anniversary date of the award through June 27, 2024.
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.