D. GEOFFREY ARMSTRONG - 10 Apr 2024 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
Director
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Geoffrey Armstrong
Issuer symbol
NXST
Transactions as of
10 Apr 2024
Transactions value $
$101,844
Form type
4
Filing time
12 Apr 2024, 20:24:31 UTC
Previous filing
21 Mar 2024
Next filing
11 Jun 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 $102K +625 +5.49% $162.95 12K 10 Apr 2024 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 -625 -100% $0.00* 0 10 Apr 2024 Common Stock 625 Direct F1, F2, 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.
F2 2,500 RSUs were awarded on April 10, 2020, of which 625 RSUs vested on each of April 10, 2021, 2022, 2023 and 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.
F4 In the Reporting Person's prior Form 4, the number of other derivative securities beneficially owned following the reported transaction were included. Going forward, only the number of the derivative securities for which the transaction is being disclosed will be reflected.