RAIFMAN GREGORY R 4
4 · NEXSTAR MEDIA GROUP, INC. · Filed Mar 17, 2021
Insider Transaction Report
Form 4
RAIFMAN GREGORY R
President Nexstar Digital LLC
Transactions
- Sale
Class A Common Stock
2021-03-15$157.75/sh−2,083$328,593→ 40,701 total - Exercise/Conversion
Restricted Stock Units
2021-03-15−5,834→ 44,584 total→ Class A Common Stock (5,834 underlying) - Exercise/Conversion
Class A Common Stock
2021-03-15$157.47/sh+5,834$918,680→ 42,784 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]17,500 RSUs were awarded on March 15, 2018, of which 5,833, 5,833 and 5,834 restricted stock units vest on March 15, 2019, 2020 and 2021, respectively.
- [F3]17,500 performance-based RSUs (PSUs) were awarded on March 15, 2018, of which 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 5,834 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 5,834 PSUs vested in full on March 15, 2021.