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 metric. | 7,500 RSUs were awarded on May 23, 2024, of which, 1,875 RSUs vest at each anniversary of the award through May 23, 2028. | 7,500 PSUs were awarded on May 23, 2024, of which, 1,875 PSUs vest at each anniversary of the award through May 23, 2028, subject to the achievement of pre-established company performance metric. For the 1,875 PSUs that were scheduled to vest on May 23, 2025, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied. Thus, the 1,875 PSUs vested in full on May 23, 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 23, 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.