Carter Thomas 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Dec 22, 2023
Insider Transaction Report
Form 4
Carter Thomas
EVP, Chief Financial Officer
Transactions
- Sale
Common Stock
2023-12-21$157.23/sh−1,951$306,758→ 88,130 total - Exercise/Conversion
Restricted Stock Units
2023-12-20−4,999→ 0 total→ Common Stock (4,999 underlying) - Exercise/Conversion
Common Stock
2023-12-20$155.72/sh+4,999$778,444→ 90,081 total
Footnotes (3)
- [F1]Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock at the vesting date. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Nexstar's common stock, subject to the achievement of pre-established company performance metrics.
- [F2]10,000 RSUs and 10,000 PSUs were awarded on April 10, 2020. The Compensation Committee of Nexstar's Board of Directors approved and authorized the accelerated vesting and settlement of 2,499 RSUs and 2,500 PSUs effective December 20, 2023 in connection with Mr. Carter's retirement.
- [F3]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.