Form 4 for NXST NEXSTAR MEDIA GROUP, INC.
Accepted 2024-06-05 00:00:00 ET · period of report 2024-06-03 · accession 0000950170-24-069493 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-06-05 | 2024-06-03 | NXST | ALFORD ANDREW | Pres, Broadcasting | M - OptEx | $163.09 | +1,876 | 12.0K | +19% | +$306.0K |
| D | 2024-06-05 | 2024-06-04 | NXST | ALFORD ANDREW | Pres, Broadcasting | S - Sale+OE | $160.00 | -755 | 11.2K | -6% | -$120.8K |
| DM | 2024-06-05 | 2024-06-03 | NXST | ALFORD ANDREW | Pres, Broadcasting | M - OptEx | $0.00 | -1,876 | 1,875 | -50% | $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 | 2024-06-03 | M | A | 938 | $163.09 | 11,035 | D | — | — | |
| 2 | Common | Common Stock | 2024-06-04 | S | D | 755 | $160.00 | 11,218 | D | — | — | |
| 3 | Common | Common Stock | 2024-06-03 | M | A | 938 | $163.09 | 11,973 | D | — | — | |
| 4 | Derivative | Restricted Stock Units | 2024-06-03 | M | D | 938 | $0.00 | 1,875 | D | — · — to — | 938 Common Stock | (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 metrics. (F2) 3,750 RSUs were awarded on June 3, 2022, of which 937 and 938 RSUs vested on June 3, 2023 and 2024, respectively, and, 937 and 938 RSUs will vest on June 3, 2025 and 2026, respectively. (F3) 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. |
| 5 | Derivative | Restricted Stock Units | 2024-06-03 | M | D | 938 | $0.00 | 1,875 | D | — · — to — | 938 Common Stock | (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 metrics. (F4) 3,750 PSUs were awarded on June 3, 2022, of which 937 and 938 PSUs vested on June 3, 2023 and 2024, respectively, and, 937 and 938 PSUs will vest on June 3, 2025 and 2026, respectively, subject to the achievement of pre-established company performance metrics. For the 938 PSUs that vested on June 3, 2024, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus the 938 PSUs vested in full on June 3, 2024. (F3) 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. |