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Filing Details

Accession Number:: 0000950170-25-078289
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-05-28 15:29:14
Reporting Period:: 2025-05-23

Filing Date:: 2025-05-28
Accepted Time:: 2025-05-28 15:29:14
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1142417	Nexstar Media Group Inc.	NXST	Television Broadcasting Stations (4833)	233083125

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1990398	Michael Biard	C/O Nexstar Media Group, Inc. 545 E. John Carpenter Freeway, Suite 700 Irving TX 75062	President & Coo	No	No	No	No

Transaction Summary

Sold:	2,182 shares	Avg. Price: $173.59	Total Value: $378,779.93
Number of Shares After Transactions:	7,218 shares

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2025-05-23	2,500	$0.00	6,292	No	4	M	Direct
Common Stock	Acquisiton	2025-05-23	3,108	$0.00	9,400	No	4	M	Direct
Common Stock	Disposition	2025-05-27	2,182	$173.59	7,218	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2025-05-23	2,500	$0.00	2,500	$0.00
Common Stock	Restricted Stock Units	Disposition	2025-05-23	2,500	$0.00	3,108	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
7,500			No	4	M	Direct
7,500			No	4	M	Direct

Footnotes

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 the right to receive, following vesting, between 0% and 200% of one share of Nexstar's Common Stock, subject to the level of achievement of pre-established company performance metric.
10,000 RSUs were awarded on May 23, 2024, of which, 2,500 RSUs vest at each anniversary of the award through May 23, 2028.
10,000 target PSUs were awarded on May 23, 2024, of which, 2,500 target PSUs vest at each anniversary of the award through May 23, 2028, subject to the achievement of pre-established company performance metric. The number of shares of Nexstar's common stock that may be earned is between 0% and 200% of the target number of PSUs. The Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions to receive 124.33% of the target number of PSUs were satisfied. Thus, the 2,500 target PSUs that vested on May 23, 2025 were converted into 3,108 shares of Nexstar common stock.
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.
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.