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. | 2,625 RSUs were awarded on June 3, 2022, of which, 656 RSUs each vested on June 3, 2023, 2024 and 2025, and, 657 RSUs will vest on June 3, 2026. | 2,625 PSUs were awarded on June 3, 2022, of which, 656 PSUs each vested on June 3, 2023, 2024 and 2025, and, 657 PSUs will vest on June 3, 2026, subject to the achievement of pre-established company performance metric. For the 656 PSUs that vested on June 3, 2025, the Compensation Committee of Nexstar's Board of Directors performed an assessment and determined that the conditions were satisfied. | 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 June 3, 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.