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

Role
General Counsel
Signature
/s/ Brian Mitts, as attorney-in-fact
Stock symbol
NXRT
Transactions as of
Feb 17, 2024
Transactions value $
-$25,361
Form type
4
Date filed
2/21/2024, 04:33 PM
Previous filing
May 15, 2023
Next filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXRT Common Stock Options Exercise +995 +12.19% 9.16K Feb 17, 2024 Direct F1
transaction NXRT Common Stock Tax liability -$10.1K -326 -3.56% $31.08 8.83K Feb 17, 2024 Direct
transaction NXRT Common Stock Options Exercise +1.44K +16.26% 10.3K Feb 18, 2024 Direct F1
transaction NXRT Common Stock Tax liability -$15.2K -490 -4.77% $31.08 9.78K Feb 18, 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 -25.01% $0.00 2.98K Feb 17, 2024 Common Stock 995 Direct F1, F2
transaction NXRT Restricted Stock Unit Options Exercise $0 -1.44K -33.33% $0.00 2.87K Feb 18, 2024 Common Stock 1.44K 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.