RAIFMAN GREGORY R 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Mar 17, 2020
Insider Transaction Report
Form 4
RAIFMAN GREGORY R
President Nexstar Digital LLC
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-03-15−5,833→ 57,501 total→ Class A Common Stock (5,833 underlying) - Exercise/Conversion
Class A Common Stock
2020-03-15+5,833→ 29,971 total - Disposition to Issuer
Restricted Stock Units
2020-03-15−5,833→ 51,668 total→ Class A Common Stock (5,833 underlying)
Footnotes (3)
- [F1]As restricted stock units vest, they are converted into shares of Class A Common Stock on a one-for-one basis at the vesting date.
- [F2]17,500 Restricted stock units awarded on March 15, 2018. 5,833, 5,833 and 5,834 restricted stock units vest on March 15, 2019, 2020 and 2021, respectively.
- [F3]17,500 performance-based restricted stock units (PSUs) were awarded on March 15, 2018. 5,833, 5,833 and 5,834 PSUs vest on March 15, 2019, 2020 and 2021, respectively, subject to the achievement of pre-established company performance metrics. For the 5,833 PSUs that were scheduled to vest on March 15, 2020, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were not satisfied, thus, the 5,833 PSUs were forfeited.