BUSCH TIMOTHY C 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Mar 17, 2021
Insider Transaction Report
Form 4
BUSCH TIMOTHY C
EVP & Co-COO
Transactions
- Exercise/Conversion
Class A Common Stock
2021-03-15$157.47/sh+8,334$1,312,355→ 104,931 total - Exercise/Conversion
Restricted Stock Units
2021-03-15−8,334→ 43,334 total→ Class A Common Stock (8,334 underlying) - Sale
Class A Common Stock
2021-03-15$157.75/sh−3,276$516,789→ 101,655 total
Footnotes (3)
- [F1]As restricted stock units ("RSUs") vest, they are converted into shares of Class A Common Stock on a one-for-one basis at the vesting date.
- [F2]25,000 RSUs were awarded on March 15, 2018, of which 8,333, 8,333 and 8,334 restricted stock units vest on March 15, 2019, 2020 and 2021, respectively.
- [F3]25,000 performance-based RSUs (PSUs) were awarded on March 15, 2018, of which 8,333, 8,333 and 8,334 PSUs vest on March 15, 2019, 2020 and 2021, respectively, subject to the achievement of pre-established company performance metrics. For the 8,334 PSUs that were scheduled to vest on March 15, 2021, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus, the 8,334 PSUs vested in full on March 15, 2021.