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. | 3,750 RSUs were awarded on June 14, 2023, of which, 938 and 937 RSUs vested on June 14, 2024 and 2025, respectively, and, 938 and 937 RSUs will vest on June 14, 2026 and 2027, respectively. | 3,750 PSUs were awarded on June 14, 2023, of which, 938 and 937 PSUs vested on June 14, 2024 and 2025, respectively, and, 938 and 937 PSUs will vest on June 14, 2026 and 2027, respectively, subject to the achievement of pre-established company performance metric. For the 937 PSUs that vested on June 14, 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 14, 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.