RAIFMAN GREGORY R 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Mar 24, 2020
Insider Transaction Report
Form 4
RAIFMAN GREGORY R
President Nexstar Digital LLC
Transactions
- Exercise/Conversion
Class A Common Stock
2020-03-20+1,875→ 29,887 total - Disposition to Issuer
Restricted Stock Units
2020-03-20−1,875→ 47,918 total→ Class A Common Stock (1,875 underlying) - Exercise/Conversion
Restricted Stock Units
2020-03-20−1,875→ 49,793 total→ Class A Common Stock (1,875 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]7,500 Restricted stock units awarded on March 20, 2019. 1,875 restricted stock units vest at each anniversary of the award through March 20, 2023.
- [F3]7,500 performance-based restricted stock units (PSUs) were awarded on March 20, 2019. 1,875 restricted stock units vest at each anniversary of the award through March 20, 2023, subject to the achievement of pre-established company performance metrics. For the 1,875 PSUs that were scheduled to vest on March 20, 2020, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were not satisfied, thus, the 1,875 PSUs were forfeited.