Andrew Alford - May 23, 2024 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
May 23, 2024
Transactions value $
$0
Form type
4
Date filed
5/28/2024, 05:57 PM
Previous filing
May 21, 2024
Next filing
Jun 5, 2024

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 +4K $0.00 4K May 23, 2024 Common Stock 4K Direct F1, F2, F3
transaction NXST Restricted Stock Units Award $0 +4K $0.00 4K May 23, 2024 Common Stock 4K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock at the vesting date. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Nexstar's common stock, subject to the achievement of pre-established company performance metrics.
F2 4,000 RSUs were awarded on May 23, 2024, of which 1,000 RSUs vest at each anniversary date of the award through May 23, 2028.
F3 The RSUs/PSUs have no expiration. However, any and all unvested portion of RSUs/PSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.
F4 4,000 PSUs were awarded on May 23, 2024, of which 1,000 PSUs vest at each anniversary date of the award through May 23, 2028, subject to the achievement of the pre-established company performance metric.