0000950170-23-038233.txt : 20230803
0000950170-23-038233.hdr.sgml : 20230803
20230803185838
ACCESSION NUMBER: 0000950170-23-038233
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230801
FILED AS OF DATE: 20230803
DATE AS OF CHANGE: 20230803
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SOOK PERRY A
CENTRAL INDEX KEY: 0001250261
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50478
FILM NUMBER: 231141722
MAIL ADDRESS:
STREET 1: 545 E. JOHN CARPENTER FREEWAY
STREET 2: SUITE 700
CITY: IRVING
STATE: TX
ZIP: 75062
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NEXSTAR MEDIA GROUP, INC.
CENTRAL INDEX KEY: 0001142417
STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833]
IRS NUMBER: 233083125
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 545 EAST JOHN CARPENTER FREEWAY
STREET 2: SUITE 700
CITY: IRVING
STATE: TX
ZIP: 75062
BUSINESS PHONE: 972-373-8800
MAIL ADDRESS:
STREET 1: 545 EAST JOHN CARPENTER FREEWAY
STREET 2: SUITE 700
CITY: IRVING
STATE: TX
ZIP: 75062
FORMER COMPANY:
FORMER CONFORMED NAME: NEXSTAR BROADCASTING GROUP INC
DATE OF NAME CHANGE: 20010611
4
1
ownership.xml
4
X0508
4
2023-08-01
0001142417
NEXSTAR MEDIA GROUP, INC.
NXST
0001250261
SOOK PERRY A
C/O NEXSTAR MEDIA GROUP, INC.
545 E. JOHN CARPENTER FREEWAY, SUITE 700
IRVING
TX
75062
true
true
false
false
Chief Executive Officer
false
Common Stock
2023-08-01
4
M
false
62500
182.19
A
612590
D
Common Stock
2023-08-01
4
F
false
24594
182.19
D
587996
D
Common Stock
2023-08-01
4
M
false
0
0
A
975956
I
PS Sook Ltd.
Restricted Stock Units
2023-08-01
4
M
false
31250
0
D
Common Stock
62500
338650
D
The 975,956 shares of common stock owned by PS Sook Ltd., of which Mr. Sook and his spouse are the beneficial owners.
Each time-based restricted stock units ("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 metrics.
62,500 target PSUs were awarded on August 1, 2022, of which 31,250 PSUs will vest on August 1, 2023 and 31,250 PSUs will vest on August 1, 2024, subject to the achievement of the pre-established company performance metric. The indicated number of PSUs assumes 100% vesting at target. The number of PSUs 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 200% of the target number of PSUs were satisfied, thus, the 62,500 PSUs vested on August 1, 2023.
The PSUs have no expiration and are subject to accelerated vesting in the event of termination of the Reporting Person's employment under certain circumstances, including change in control, a reason by the Company other than for cause, or for good reason.
/s/ Mark Hoyla, Attorney-in-Fact for Perry A. Sook
2023-08-03