NEXSTAR MEDIA GROUP, INC. — Director's Dealing 2021

Apr 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEXSTAR MEDIA GROUP, INC. (NXST)
CIK: 0001142417
Period of Report: 2021-04-10

Reporting Person: BUSCH TIMOTHY C (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-10	Class A Common Stock	M	2500	$151.50	Acquired	93409	Direct
2021-04-10	Class A Common Stock	F	984	$151.50	Disposed	92425	Direct
2021-04-10	Class A Common Stock	M	2500	$151.50	Acquired	94925	Direct
2021-04-10	Class A Common Stock	F	984	$151.50	Disposed	93941	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-10	Restricted Stock Units	$	M	2500	Disposed		Class A Common Stock (2500)	Direct
2021-04-10	Restricted Stock Units	$	M	2500	Disposed		Class A Common Stock (2500)	Direct

Footnotes

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.