BUSCH TIMOTHY C 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Apr 13, 2021
Insider Transaction Report
Form 4
BUSCH TIMOTHY C
EVP & Co-COO
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-04-10−2,500→ 25,000 total→ Class A Common Stock (2,500 underlying) - Tax Payment
Class A Common Stock
2021-04-10$151.50/sh−984$149,076→ 93,941 total - Exercise/Conversion
Class A Common Stock
2021-04-10$151.50/sh+2,500$378,750→ 93,409 total - Tax Payment
Class A Common Stock
2021-04-10$151.50/sh−984$149,076→ 92,425 total - Exercise/Conversion
Restricted Stock Units
2021-04-10−2,500→ 27,500 total→ Class A Common Stock (2,500 underlying) - Exercise/Conversion
Class A Common Stock
2021-04-10$151.50/sh+2,500$378,750→ 94,925 total
Footnotes (4)
- [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]10,000 RSUs were awarded on April 10, 2020, of which, 2,500 RSUs vest at each anniversary of the award through April 10, 2024.
- [F3]The RSUs/PSUs have no expiration. However, 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]10,000 performance-based RSUs ("PSUs") were awarded on April 10, 2020, of which 2,500 PSUs vest at each anniversary of the award through April 10, 2024, subject to the achievement of pre-established company performance metrics. For the 2,500 PSUs that were scheduled to vest on April 10, 2021, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied, thus, the 2,500 PSUs vested in full on April 10, 2021.