Form 4 for NXST NEXSTAR MEDIA GROUP, INC.
Accepted 2021-09-28 00:00:00 ET · period of report 2021-09-25 · accession 0001209191-21-058000 · 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 | 2021-09-28 | 2021-09-25 | NXST | Carter Thomas | Pres, COO | M - OptEx | $159.49 | +25.0K | 113.3K | +28% | +$3.99M |
| D | 2021-09-28 | 2021-09-28 | NXST | Carter Thomas | Pres, COO | S - Sale+OE | $158.05 | -9,931 | 115.9K | -8% | -$1.57M |
| DM | 2021-09-28 | 2021-09-25 | NXST | Carter Thomas | Pres, COO | M - OptEx | $0.00 | -25.0K | 152.5K | -14% | $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 | Class A Common Stock | 2021-09-25 | M | A | 12,500 | $159.49 | 125,816 | D | — | — | |
| 2 | Common | Class A Common Stock | 2021-09-28 | S | D | 9,931 | $158.05 | 115,885 | D | — | — | |
| 3 | Common | Class A Common Stock | 2021-09-25 | M | A | 12,500 | $159.49 | 113,316 | D | — | — | |
| 4 | Derivative | Restricted Stock Units | 2021-09-25 | M | D | 12,500 | $0.00 | 164,999 | D | — · — to — | 12,500 Class A Common Stock | (F1) As restricted stock units ("RSUs") vest, they are converted into shares of Class A Common Stock on a one-for-one basis at the vesting date. (F2) 37,500 performance-based RSUs ("PSUs") were awarded on September 25, 2020, of which 12,500 PSUs vest at each anniversary of the award through September 25, 2023, subject to the achievement of pre-established company performance metrics. For the 12,500 PSUs that were scheduled to vest on September 25, 2021, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus, the 12,500 PSUs vested in full on September 25, 2021. (F3) The RSUs/PSUs have no expiration. However, 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. |
| 5 | Derivative | Restricted Stock Units | 2021-09-25 | M | D | 12,500 | $0.00 | 152,499 | D | — · — to — | 12,500 Class A Common Stock | (F1) As restricted stock units ("RSUs") vest, they are converted into shares of Class A Common Stock on a one-for-one basis at the vesting date. (F4) 37,500 RSUs were awarded on September 25, 2020, of which, 12,500 RSUs vest at each anniversary of the award through September 25, 2023. (F3) The RSUs/PSUs have no expiration. However, 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. |