Form 4 for NXST NEXSTAR MEDIA GROUP, INC.
Accepted 2023-06-06 00:00:00 ET · period of report 2023-06-03 · accession 0001209191-23-034868 · 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 | 2023-06-06 | 2023-06-03 | NXST | COMPTON SEAN | Pres, Networks | M - OptEx | $156.77 | +1,874 | 11.0K | +21% | +$293.8K |
| D | 2023-06-06 | 2023-06-06 | NXST | COMPTON SEAN | Pres, Networks | S - Sale+OE | $158.82 | -821 | 11.1K | -7% | -$130.4K |
| DM | 2023-06-06 | 2023-06-03 | NXST | COMPTON SEAN | Pres, Networks | M - OptEx | $0.00 | -1,874 | 16.6K | -10% | $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 | 2023-06-03 | M | A | 937 | $156.77 | 11,918 | D | — | — | |
| 2 | Common | Common Stock | 2023-06-06 | S | D | 821 | $158.82 | 11,097 | D | — | — | |
| 3 | Common | Common Stock | 2023-06-03 | M | A | 937 | $156.77 | 10,981 | D | — | — | |
| 4 | Derivative | Restricted Stock Units | 2023-06-03 | M | D | 937 | $0.00 | 15,626 | D | — · — to — | 937 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) 3,750 performance-based RSUs ("PSUs") were awarded on June 3, 2022, of which 937, 938, 937 and 938 PSUs will vest on June 3, 2023, 2024, 2025 and 2026, respectively, subject to the achievement of pre-established company performance metrics. For the 937 PSUs that were scheduled to vest on June 3, 2023, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus the 937 PSUs vested in full on June 3, 2023. (F5) The PSUs have no expiration. However, any and all unvested portion of 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 | 2023-06-03 | M | D | 937 | $0.00 | 16,563 | D | — · — to — | 937 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) 3,750 RSUs were awarded on June 3, 2022, of which 937, 938, 937 and 938 RSUs will vest on June 3, 2023, 2024, 2025 and 2026, respectively. (F3) The RSUs have no expiration. However, any and 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. |