Blake Russell - Apr 10, 2023 Form 4 Insider Report for NEXSTAR MEDIA GROUP, INC. (NXST)

Role
EVP, Station Operations
Signature
/s/ Mark Hoyla, Attorney-in-Fact for Blake Russell
Stock symbol
NXST
Transactions as of
Apr 10, 2023
Transactions value $
$333,043
Form type
4
Date filed
4/12/2023, 06:19 PM
Previous filing
Mar 22, 2023
Next filing
May 19, 2023
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 $440K +2.5K +8.12% $176.12 33.3K Apr 10, 2023 Direct
transaction NXST Common Stock Tax liability -$107K -609 -1.83% $176.12 32.7K Apr 10, 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 -2.5K -16.13% $0.00 13K Apr 10, 2023 Common Stock 2.5K 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 10,000 RSUs were awarded on April 10, 2020, of which, 2,500 RSUs vest at each anniversary of the award through April 10, 2024.
F3 The restricted stock units have no expiration. However, any and all unvested portion of restricted stock units shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control.

Remarks:

EVP/Chief Communications Officer