Andrew Alford - Jun 14, 2025 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
Jun 14, 2025
Transactions value $
-$125,094
Form type
4
Date filed
6/17/2025, 06:05 PM
Previous filing
Jun 5, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
ALFORD ANDREW President, Broadcasting C/O NEXSTAR MEDIA GROUP, INC., 545 E. JOHN CARPENTER FREEWAY, SUITE 700, IRVING /s/ Mark Hoyla, Attorney-in-Fact for Andrew Alford 2025-06-17 0001715344

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXST Common Stock Options Exercise $0 +937 +9.96% $0.00 10.3K Jun 14, 2025 Direct F1, F2
transaction NXST Common Stock Options Exercise $0 +937 +9.05% $0.00 11.3K Jun 14, 2025 Direct F1, F3
transaction NXST Common Stock Sale -$125K -757 -6.71% $165.25 10.5K Jun 17, 2025 Direct F4

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 -937 -33.32% $0.00 1.88K Jun 14, 2025 Common Stock 937 Direct F1, F2, F5
transaction NXST Restricted Stock Units Options Exercise $0 -937 -33.32% $0.00 1.88K Jun 14, 2025 Common Stock 937 Direct F1, F3, F5
* 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 metric.
F2 3,750 RSUs were awarded on June 14, 2023, of which, 938 and 937 RSUs vested on June 14, 2024 and 2025, respectively, and, 938 and 937 RSUs will vest on June 14, 2026 and 2027, respectively.
F3 3,750 PSUs were awarded on June 14, 2023, of which, 938 and 937 PSUs vested on June 14, 2024 and 2025, respectively, and, 938 and 937 PSUs will vest on June 14, 2026 and 2027, respectively, subject to the achievement of pre-established company performance metric. For the 937 PSUs that vested on June 14, 2025, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied.
F4 The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs and PSUs that vested on June 14, 2025.
F5 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.