Form 4 for NXST NEXSTAR MEDIA GROUP, INC.
Accepted 2023-01-18 00:00:00 ET · period of report 2023-01-15 · accession 0001209191-23-003928 · 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 | 2023-01-18 | 2023-01-15 | NXST | SOOK PERRY A | CEO, Dir | F - Tax | $183.43 | -83.2K | 550.1K | -13% | -$15.27M |
| DM | 2023-01-18 | 2023-01-15 | NXST | SOOK PERRY A | CEO, Dir | M - OptEx | $183.43 | +213.5K | 582.6K | +58% | +$39.17M |
| DI | 2023-01-18 | 2023-01-15 | NXST | SOOK PERRY A | CEO, Dir | M - OptEx | — | 0 | 976.0K | New | — |
| DM | 2023-01-18 | 2023-01-15 | NXST | SOOK PERRY A | CEO, Dir | M - OptEx | $0.00 | -213.5K | 397.9K | -35% | $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 | 2023-01-15 | F | D | 24,361 | $183.43 | 457,921 | D | — | — | |
| 2 | Common | Common Stock | 2023-01-15 | M | A | 15,625 | $183.43 | 473,546 | D | — | — | |
| 3 | Common | Common Stock | 2023-01-15 | F | D | 6,090 | $183.43 | 467,456 | D | — | — | |
| 4 | Common | Common Stock | 2023-01-15 | M | A | 20,833 | $183.43 | 488,289 | D | — | — | |
| 5 | Common | Common Stock | 2023-01-15 | M | A | 62,500 | $183.43 | 482,282 | 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. |
| 6 | Common | Common Stock | 2023-01-15 | F | D | 8,120 | $183.43 | 480,169 | D | — | — | |
| 7 | Common | Common Stock | 2023-01-15 | M | A | 0 | $0.00 | 975,956 | I | — | — | |
| 8 | Common | Common Stock | 2023-01-15 | M | A | 31,250 | $183.43 | 511,419 | D | — | — | |
| 9 | Common | Common Stock | 2023-01-15 | F | D | 12,181 | $183.43 | 499,238 | D | — | — | |
| 10 | Common | Common Stock | 2023-01-15 | M | A | 83,333 | $183.43 | 582,571 | D | — | — | |
| 11 | Common | Common Stock | 2023-01-15 | F | D | 32,481 | $183.43 | 550,090 | D | — | — | |
| 12 | Derivative | Restricted Stock Units | 2023-01-15 | M | D | 20,833 | $0.00 | 377,083 | D | — · — to — | 20,833 Common Stock | (F2) As restricted stock units ("RSUs") vest, they are converted into shares of Common Stock on a one-for-one basis at the vesting date. (F6) 62,500 RSUs were awarded on January 15, 2020, of which 20,833 RSUs, 20,834 RSUs and 20,833 RSUs vested on January 15, 2021, January 15, 2022 and January 15, 2023, respectively. (F4) The RSUs and performance-based restricted stock units ("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. |
| 13 | Derivative | Restricted Stock Units | 2023-01-15 | M | D | 31,250 | $0.00 | 345,833 | D | — · — to — | 31,250 Common Stock | (F2) As restricted stock units ("RSUs") vest, they are converted into shares of Common Stock on a one-for-one basis at the vesting date. (F7) 62,500 RSUs were awarded on January 15, 2021, of which 31,250 RSUs vest at each anniversary of the award through January 15, 2023. (F4) The RSUs and performance-based restricted stock units ("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. |
| 14 | Derivative | Restricted Stock Units | 2023-01-15 | M | D | 83,333 | $0.00 | 262,500 | D | — · — to — | 83,333 Common Stock | (F2) As restricted stock units ("RSUs") vest, they are converted into shares of Common Stock on a one-for-one basis at the vesting date. (F8) 83,333 PSUs were awarded on January 15, 2021 and scheduled to fully vest on January 15, 2023, subject to the achievement of pre-established company performance metrics. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus, the 83,333 PSUs vested in full on January 15, 2023. (F4) The RSUs and performance-based restricted stock units ("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. |
| 15 | Derivative | Restricted Stock Units | 2023-01-15 | M | D | 62,500 | $0.00 | 413,541 | D | — · — to — | 62,500 Common Stock | (F2) As restricted stock units ("RSUs") vest, they are converted into shares of Common Stock on a one-for-one basis at the vesting date. (F3) 62,500 restricted stock units ("RSUs") were awarded on January 14, 2022, which were fully vested on January 15, 2023. (F4) The RSUs and performance-based restricted stock units ("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. |
| 16 | Derivative | Restricted Stock Units | 2023-01-15 | M | D | 15,625 | $0.00 | 397,916 | D | — · — to — | 15,625 Common Stock | (F2) As restricted stock units ("RSUs") vest, they are converted into shares of Common Stock on a one-for-one basis at the vesting date. (F5) 62,500 RSUs were awarded on January 15, 2019, of which 15,625 RSUs vest at each anniversary of the award through January 15, 2023. (F4) The RSUs and performance-based restricted stock units ("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. |