Form 4 for NXST NEXSTAR MEDIA GROUP, INC.
Accepted 2023-03-22 00:00:00 ET · period of report 2023-03-20 · accession 0001209191-23-020607 · 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 | 2023-03-22 | 2023-03-20 | NXST | Carter Thomas | Pres, COO | M - OptEx | $160.79 | +3,125 | 83.2K | +4% | +$502.5K |
| D | 2023-03-22 | 2023-03-21 | NXST | Carter Thomas | Pres, COO | S - Sale+OE | $161.92 | -3,125 | 80.1K | -4% | -$506.0K |
| D | 2023-03-22 | 2023-03-20 | NXST | Carter Thomas | Pres, COO | M - OptEx | $0.00 | -3,125 | 83.6K | -4% | $0 |
| D | 2023-03-22 | 2023-03-20 | NXST | Carter Thomas | Pres, COO | D - Sale to Iss | $0.00 | -3,125 | 86.7K | -3% | $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 | 2023-03-20 | M | A | 3,125 | $160.79 | 83,177 | D | — | — | |
| 2 | Common | Common Stock | 2023-03-21 | S | D | 3,125 | $161.92 | 80,052 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2023-03-20 | M | D | 3,125 | $0.00 | 83,600 | D | — · — to — | 3,125 Common Stock | (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. (F4) 12,500 RSUs were awarded on March 20, 2019, of which 3,125 RSUs vest at each anniversary of the award through March 20, 2023. (F3) The RSUs/PSUs have no expiration. However, any and all unvested portion of RSUs and PSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control. |
| 4 | Derivative | Restricted Stock Units | 2023-03-20 | D | D | 3,125 | $0.00 | 86,725 | D | — · — to — | 3,125 Common Stock | (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) 12,500 performance-based RSUs ("PSUs") were awarded on March 20, 2019, of which 3,125 PSUs vest at each anniversary of the award through March 20, 2023, subject to continued employment and achievement of pre-established performance metrics. For the 3,125 PSUs that were scheduled to vest on March 20, 2023, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were not satisfied, thus, the 3,125 PSUs were forfeited. (F3) The RSUs/PSUs have no expiration. However, any and all unvested portion of RSUs and PSUs shall be forfeited and cancelled should the awardee's employment terminate for any reason other than a company change of control. |