Matt McGraner - Feb 15, 2022 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Signature
/s/ Brian Mitts, as attorney-in-fact
Stock symbol
NXRT
Transactions as of
Feb 15, 2022
Transactions value $
-$689,762
Form type
4
Date filed
2/17/2022, 05:26 PM
Previous filing
Dec 17, 2021
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXRT Common Stock Options Exercise +24.5K +20.46% 144K Feb 15, 2022 Direct F1
transaction NXRT Common Stock Tax liability -$690K -8.45K -5.87% $81.59 136K Feb 15, 2022 Direct
holding NXRT Common Stock 13.1K Feb 15, 2022 By 401(k) plan F2
holding NXRT Common Stock 17K Feb 15, 2022 By limited liability company F3
holding NXRT Common Stock 109K Feb 15, 2022 By Trust F4
holding NXRT Common Stock 454 Feb 15, 2022 By dividend reinvestment plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NXRT Restricted Stock Units Options Exercise $0 -24.5K -100% $0.00* 0 Feb 15, 2022 Common Stock 24.5K Direct F1, F5
transaction NXRT Restricted Stock Units Award $0 +44.1K $0.00 44.1K Feb 17, 2022 Common Stock 44.1K Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
F2 Includes shares acquired through the issuer's employee benefit plan.
F3 These shares are held by a limited liability company in which Mr. McGraner owns an indirect minority interest. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4 These shares are held in a trust. Mr. McGraner is the trustee of the trust. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F5 On February 15, 2018, the reporting person was granted 97,899 restricted stock units which vested 25% on February 15, 2019, 25% on February 15, 2020, 25% on February 15, 2021, and 25% on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
F6 On February 17, 2022, the reporting person was granted 44,051 restricted stock units which will vest 20% on February 17, 2023, 20% on February 17, 2024, 20% on February 17, 2025, 20% on February 17, 2026 and 20% on February 17, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.