NexPoint Real Estate Finance (NYSE: NREF) GC nets shares and new RSUs
Rhea-AI Filing Summary
NexPoint Real Estate Finance General Counsel and Secretary Dennis Charles Sauter Jr reported routine equity compensation activity. On April 3–4, he exercised restricted stock units into 7,549 shares of common stock, with 2,699 shares withheld to cover tax obligations. After these transactions, he directly held 33,017 common shares.
On April 2, he also received a new award of 32,308 restricted stock units, each representing one share of common stock. This award vests in four installments between April 2027 and February 2030, with settlement generally within 10 days of each vesting date and potentially in cash at the Compensation Committee’s discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,850 shares
Net Buy
7 txns
Insider
Sauter Dennis Charles Jr
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,238 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,238 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,229 | $13.36 | $16K |
| Exercise | Restricted Stock Units | 4,311 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,311 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,470 | $13.36 | $20K |
| Grant/Award | Restricted Stock Units | 32,308 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 48,478 shares (Direct);
Common Stock — 33,017 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc.
- F2. On April 2, 2026, the reporting person was granted 32,308 restricted stock units. The restricted stock units vest one-fourth on April 2, 2027, one-fourth on February 15, 2028, one-fourth on February 15, 2029 and one-fourth on February 15, 2030. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
- F3. On April 3, 2025, the reporting person was granted 17,242 restricted stock units. The restricted stock units vested one-fourth on April 3, 2026 and will vest one-fourth on February 15, 2027, one-fourth on February 15, 2028 and one-fourth on February 15, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
- F4. On April 4, 2023, the reporting person was granted 12,953 restricted stock units. The restricted stock units vested one-fourth on April 4, 2024, one-fourth on April 4, 2025 and one-fourth on April 4, 2026 and will vest one-fourth on April 4, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
Key Figures
RSU exercises: 7,549 shares
Tax-withholding shares: 2,699 shares
Post-transaction holdings: 33,017 shares
+2 more
5 metrics
RSU exercises
7,549 shares
Common stock received from RSU exercises on April 3–4, 2026
Tax-withholding shares
2,699 shares
Shares delivered at $13.36 to cover tax obligations on April 3–4, 2026
Post-transaction holdings
33,017 shares
Direct NexPoint Real Estate Finance common stock holdings after reported transactions
New RSU grant
32,308 units
Restricted stock units granted April 2, 2026, each for one common share
RSU vesting span
2027–2030
Four equal vesting dates from April 2027 through February 2030
Key Terms
Restricted stock units, tax-withholding disposition, grant, award, or other acquisition, settlement will generally occur within 10 days of vesting
4 terms
Restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
grant, award, or other acquisition financial
"On April 2, 2026, the reporting person was granted 32,308 restricted stock units"
settlement will generally occur within 10 days of vesting financial
"Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did NREF General Counsel Dennis Sauter report?
Dennis Sauter exercised restricted stock units into 7,549 NexPoint Real Estate Finance shares, with 2,699 shares withheld for taxes. He also received a new grant of 32,308 restricted stock units that will vest in stages between 2027 and 2030.
What are the terms of Dennis Sauter’s new NREF restricted stock unit grant?
On April 2, 2026, Dennis Sauter was granted 32,308 restricted stock units in NexPoint Real Estate Finance. The units vest in four equal installments in 2027, 2028, 2029, and 2030, with settlement generally within 10 days of vesting in shares or cash.
Were any of Dennis Sauter’s NREF transactions open-market buys or sells?
The Form 4 shows no open-market purchases or sales by Dennis Sauter. Reported transactions are RSU exercises and related tax-withholding dispositions, where 2,699 shares were delivered to satisfy tax liabilities rather than being sold on the open market.