Transaction Details

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 a contingent right to receive one share of Nexstar's common stock, subject to the achievement of pre-established company performance metrics. | 5,000 RSUs were awarded on May 17, 2021, of which, 1,250 RSUs vested at each anniversary of the award through May 17, 2025. | 5,000 PSUs were awarded on May 17, 2021, of which 1,250 PSUs vested at each anniversary of the award through May 17, 2025, subject to the achievement of pre-established company performance metrics. For the 1,250 PSUs that were scheduled to vest on May 17, 2025, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied. Thus, the 1,250 PSUs vested in full on May 17, 2025. | 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 17, 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.