Transaction Details

Footnotes

Each time-based restricted stock unit ("RSU") is converted into one share of Nexstar's Common Stock subject to the Reporting Person's continued service through the applicable vesting date. | 7,500 RSUs were awarded on March 24, 2025, of which 2,500 RSUs vest at each anniversary date of the award through March 24, 2028. | 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 and Reporting Person's continued service through the applicable vesting date. | 7,500 target PSUs were awarded on March 24, 2025, of which 1,875, 1,875 and 3,750 PSUs vest on March 24, 2026, 2027 and 2028, respectively, subject to the achievement of the pre-established company performance metrics. The number of shares of Nexstar's common stock 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 107.06% of the target number of PSUs were satisfied. Thus, the 1,875 target PSUs that vested on March 24, 2026 were converted into 2,007 shares of Nexstar common stock. | 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 March 24, 2026.