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

Mar 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEXSTAR MEDIA GROUP, INC. (NXST)
CIK: 0001142417
Period of Report: 2021-03-15

Reporting Person: RAIFMAN GREGORY R (President Nexstar Digital LLC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-15	Class A Common Stock	M	5834	$157.47	Acquired	42784	Direct
2021-03-15	Class A Common Stock	S	2083	$157.75	Disposed	40701	Direct
2021-03-15	Class A Common Stock	M	5834	$157.47	Acquired	46535	Direct
2021-03-15	Class A Common Stock	S	2083	$157.75	Disposed	44452	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-15	Restricted Stock Units	$	M	5834	Disposed		Class A Common Stock (5834)	Direct
2021-03-15	Restricted Stock Units	$	M	5834	Disposed		Class A Common Stock (5834)	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: 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.