Filing Details

Accession Number:
0000950170-24-075129
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-06-18 18:54:52
Reporting Period:
2024-06-14
Accepted Time:
2024-06-18 18:54:52
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1142417 Nexstar Media Group Inc. NXST Television Broadcasting Stations (4833) 233083125
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1789720 Gary Weitman 545 E. John Carpenter Freeway
Suite 700
Irving TX 75062
See Remarks No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2024-06-14 656 $150.56 12,343 No 4 M Direct
Common Stock Acquisiton 2024-06-14 656 $150.56 12,999 No 4 M Direct
Common Stock Disposition 2024-06-17 522 $149.08 12,477 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2024-06-14 656 $0.00 656 $0.00
Common Stock Restricted Stock Units Disposition 2024-06-14 656 $0.00 656 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,969 No 4 M Direct
1,969 No 4 M Direct
Footnotes
  1. The sale reported on this Form 4 represent shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs") and performance-based restricted stock units ("PSUs"). The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction.
  2. Each time-based RSU is converted into one share of Nexstar's Common Stock at the vesting date. Each PSU represents a contingent right to receive one share of Nexstar's common stock, subject to the achievement of pre-established company performance metrics.
  3. 2,625 RSUs were awarded on June 14, 2023, of which 656 RSUs vested on June 14, 2024, and, 657, 656 and 656 RSUs will vest on June 14, 2025, 2026 and 2027, respectively.
  4. 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. 2,625 PSUs were awarded on June 14, 2023, of which 656 PSUs vested on June 14, 2024, and, 657, 656 and 656 PSUs will vest on June 14, 2025, 2026 and 2027, respectively, subject to the achievement of pre-established company performance metrics. For the 656 PSUs that vested on June 14, 2024, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus the 656 PSUs vested in full on June 14, 2024.