ALFORD ANDREW 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed May 28, 2025
Insider Transaction Report
Form 4
ALFORD ANDREW
President, Broadcasting
Transactions
- Exercise/Conversion
Common Stock
2025-05-23+1,000→ 8,067 total - Exercise/Conversion
Restricted Stock Units
2025-05-23−1,000→ 3,000 total→ Common Stock (1,000 underlying) - Exercise/Conversion
Common Stock
2025-05-23+1,000→ 9,067 total - Sale
Common Stock
2025-05-27$173.59/sh−779$135,229→ 8,288 total - Exercise/Conversion
Restricted Stock Units
2025-05-23−1,000→ 3,000 total→ Common Stock (1,000 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]4,000 RSUs were awarded on May 23, 2024, of which, 1,000 RSUs vest at each anniversary of the award through May 23, 2028.
- [F3]4,000 PSUs were awarded on May 23, 2024, of which, 1,000 PSUs vest at each anniversary of the award through May 23, 2028, subject to the achievement of pre-established company performance metrics. For the 1,000 PSUs that were scheduled to vest on May 23, 2025, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied. Thus, the 1,000 PSUs vested in full on May 23, 2025.
- [F4]The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of RSUs and PSUs that vested on May 23, 2025.
- [F5]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.