4//SEC Filing
Morgan Rachel 4
Accession 0000950170-24-075122
CIK 0001142417other
Filed
Jun 17, 8:00 PM ET
Accepted
Jun 18, 6:46 PM ET
Size
13.1 KB
Accession
0000950170-24-075122
Insider Transaction Report
Form 4
Morgan Rachel
EVP General Counsel
Transactions
- Exercise/Conversion
Common Stock
2024-06-14$150.56/sh+656$98,767→ 4,125 total - Sale
Common Stock
2024-06-17$149.08/sh−324$48,300→ 3,801 total - Exercise/Conversion
Common Stock
2024-06-14$150.56/sh+656$98,767→ 3,469 total - Exercise/Conversion
Restricted Stock Units
2024-06-14−656→ 1,969 total→ Common Stock (656 underlying) - Exercise/Conversion
Restricted Stock Units
2024-06-14−656→ 1,969 total→ Common Stock (656 underlying)
Footnotes (5)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
Documents
Issuer
NEXSTAR MEDIA GROUP, INC.
CIK 0001142417
Entity typeother
Related Parties
1- filerCIK 0001935291
Filing Metadata
- Form type
- 4
- Filed
- Jun 17, 8:00 PM ET
- Accepted
- Jun 18, 6:46 PM ET
- Size
- 13.1 KB