Strober Michael 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed May 28, 2024
Insider Transaction Report
Form 4
Strober Michael
EVP, Chief Revenue Officer
Transactions
- Award
Restricted Stock Units
2024-05-23+3,000→ 3,000 total→ Common Stock (3,000 underlying) - Award
Restricted Stock Units
2024-05-23+3,000→ 3,000 total→ Common Stock (3,000 underlying)
Footnotes (5)
- [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]3,000 RSUs were awarded on May 23, 2024, of which 750 RSUs vest at each anniversary date of the award through May 23, 2028.
- [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.
- [F4]In the Reporting Person's prior Form 4, the number of other derivative securities beneficially owned following the reported transaction were included. Going forward, only the number of the derivative securities for which the transaction is being disclosed will be reflected.
- [F5]3,000 PSUs were awarded on May 23, 2024, of which 750 PSUs vest at each anniversary date of the award through May 23, 2028, subject to the achievement of the pre-established company performance metric.