Dennis Charles Sauter Jr. - 17 Feb 2024 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Role
General Counsel
Signature
/s/ Brian Mitts, as attorney-in-fact
Issuer symbol
NXRT
Transactions as of
17 Feb 2024
Net transactions value
-$25,361
Form type
4
Filing time
21 Feb 2024, 16:33:30 UTC
Previous filing
15 May 2023
Next filing
22 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXRT Common Stock Options Exercise +995 +12% 9,157 17 Feb 2024 Direct F1
transaction NXRT Common Stock Tax liability $10,132 -326 -3.6% $31.08 8,831 17 Feb 2024 Direct
transaction NXRT Common Stock Options Exercise +1,436 +16% 10,267 18 Feb 2024 Direct F1
transaction NXRT Common Stock Tax liability $15,229 -490 -4.8% $31.08 9,777 18 Feb 2024 Direct

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 Unit Options Exercise $0 -995 -25% $0.000000 2,984 17 Feb 2024 Common Stock 995 Direct F1, F2
transaction NXRT Restricted Stock Unit Options Exercise $0 -1,436 -33% $0.000000 2,872 18 Feb 2024 Common Stock 1,436 Direct F1, F3
* 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 On February 17, 2022, the reporting person was granted 4,974 restricted stock units, which vested one-fifth on February 17, 2023 and one-fifth on February 17, 2024, and which will vest one-fifth on February 17, 2025, one-fifth on February 17, 2026 and one-fifth 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.
F3 On February 18, 2021, the reporting person was granted 7,180 restricted stock units, which vested one-fifth on February 18, 2022, one-fifth on February 18, 2023, and one-fifth on February 18, 2024, and which will vest one-fifth on February 18, 2025 and one-fifth on February 18, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.