Form 4 for NXST NEXSTAR MEDIA GROUP, INC.
Accepted 2023-08-03 00:00:00 ET · period of report 2023-08-01 · accession 0000950170-23-038233 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-08-03 | 2023-08-01 | NXST | SOOK PERRY A | CEO, Dir | F - Tax | $182.19 | -24.6K | 588.0K | -4% | -$4.48M |
| D | 2023-08-03 | 2023-08-01 | NXST | SOOK PERRY A | CEO, Dir | M - OptEx | $182.19 | +62.5K | 612.6K | +11% | +$11.39M |
| DI | 2023-08-03 | 2023-08-01 | NXST | SOOK PERRY A | CEO, Dir | M - OptEx | — | 0 | 976.0K | New | — |
| D | 2023-08-03 | 2023-08-01 | NXST | SOOK PERRY A | CEO, Dir | M - OptEx | $0.00 | -31.2K | 338.6K | -8% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-08-01 | F | D | 24,594 | $182.19 | 587,996 | D | — | — | |
| 2 | Common | Common Stock | 2023-08-01 | M | A | 62,500 | $182.19 | 612,590 | D PS Sook Ltd. | — | — | (F1) The 975,956 shares of common stock owned by PS Sook Ltd., of which Mr. Sook and his spouse are the beneficial owners. |
| 3 | Common | Common Stock | 2023-08-01 | M | A | 0 | $0.00 | 975,956 | I | — | — | |
| 4 | Derivative | Restricted Stock Units | 2023-08-01 | M | D | 31,250 | $0.00 | 338,650 | D | — · — to — | 62,500 Common Stock | (F3) 62,500 target PSUs were awarded on August 1, 2022, of which 31,250 PSUs will vest on August 1, 2023 and 31,250 PSUs will vest on August 1, 2024, subject to the achievement of the pre-established company performance metric. The indicated number of PSUs assumes 100% vesting at target. The number of PSUs that may be earned is between 0% and 200% of the target number of PSUs. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions to receive 200% of the target number of PSUs were satisfied, thus, the 62,500 PSUs vested on August 1, 2023. (F2) Each time-based restricted stock units ("RSU") is converted into one share of Nexstar's Common Stock at the vesting date. Each Performance-based restricted stock unit ("PSU") represents the right to receive, following vesting, between 0% and 200% of one share of Nexstar's Common Stock, subject to the level of achievement of pre-established company performance metrics. (F4) The PSUs have no expiration and are subject to accelerated vesting in the event of termination of the Reporting Person's employment under certain circumstances, including change in control, a reason by the Company other than for cause, or for good reason. |