4//SEC Filing
Biard Michael 4
Accession 0000950170-25-045104
CIK 0001142417other
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 3:23 PM ET
Size
8.6 KB
Accession
0000950170-25-045104
Insider Transaction Report
Form 4
Biard Michael
President & COO
Transactions
- Award
Restricted Stock Units
2025-03-24+7,500→ 7,500 total→ Common Stock (7,500 underlying) - Award
Restricted Stock Units
2025-03-24+7,500→ 7,500 total→ Common Stock (7,500 underlying)
Footnotes (4)
- [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 the right to receive, following vesting, between 0% and 200% of one share of Nexstar's Common Stock, subject to the level of achievement of pre-established company performance metrics.
- [F2]7,500 RSUs were awarded on March 24, 2025, of which 2,500 RSUs vest at each anniversary date of the award through March 24, 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]7,500 target PSUs were awarded on March 24, 2025, of which 1,875, 1,875 and 3,750 PSUs vest on March 24, 2026, 2027 and 2028, respectively, subject to the achievement of the pre-established company performance metrics. The indicated number of PSUs assumes 100% vesting at target. The number of shares of Nexstar's Common Stock that may be earned is between 0% and 200% of the target number of PSUs. The actual number of shares of common stock issued at each vesting date may be more or less than the indicated target number.
Documents
Issuer
NEXSTAR MEDIA GROUP, INC.
CIK 0001142417
Entity typeother
Related Parties
1- filerCIK 0001990398
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 3:23 PM ET
- Size
- 8.6 KB