Michael Biard - 21 Aug 2024 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
President & COO
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Michael Biard
Issuer symbol
NXST
Transactions as of
21 Aug 2024
Transactions value $
-$416,095
Form type
4
Filing time
22 Aug 2024, 17:23:17 UTC
Previous filing
28 May 2024
Next filing
26 Mar 2025
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 $0 +6.25K $0.00 6.25K 21 Aug 2024 Direct F1
transaction NXST Common Stock Sale -$416K -2.46K -39.33% $169.28 3.79K 22 Aug 2024 Direct F2

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 -6.25K -25% $0.00 18.8K 21 Aug 2024 Common Stock 6.25K 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.
F2 The sale reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.
F3 25,000 RSUs were awarded on August 21, 2023, of which 6,250 RSUs vest at each anniversary of the award through August 21, 2027.
F4 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.