NexPoint Real Estate Finance (NREF) exec logs RSU grant, vesting and tax-share withholding
Rhea-AI Filing Summary
NexPoint Real Estate Finance, Inc. executive Matt McGraner reported equity compensation activity involving restricted stock units and common shares. On April 2, 2026, he was granted 197,789 restricted stock units, each representing a contingent right to one share of common stock. These units vest one-fourth on April 2, 2027, and one-fourth on February 15 of 2028, 2029, and 2030, with settlement generally within 10 days of vesting and potentially in cash at the Compensation Committee’s discretion.
On April 3, 2026, 36,830 restricted stock units granted April 3, 2025 were exercised into 36,830 common shares, and on April 4, 2026, 32,010 restricted stock units granted April 4, 2023 were exercised into 32,010 common shares. To cover tax obligations, the issuer withheld 17,638 shares on April 3 and 18,776 shares on April 4 at $13.36 per share as tax-withholding dispositions, rather than open-market sales.
Following these transactions, McGraner directly owned 318,044 common shares. An additional 1,800 common shares are held indirectly through a limited liability company in which he has an indirect minority interest; he disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 32,426 shares
Net Buy
8 txns
Insider
McGraner Matt
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 32,010 | $0.00 | $0.00 |
| Exercise | Common Stock | 32,010 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 18,776 | $13.36 | $251K |
| Exercise | Restricted Stock Units | 36,830 | $0.00 | $0.00 |
| Exercise | Common Stock | 36,830 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 17,638 | $13.36 | $236K |
| Grant/Award | Restricted Stock Units | 197,789 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 303,460 shares (Direct);
Common Stock — 318,044 shares (Direct);
Common Stock — 1,800 shares (Indirect, See Footnote)
Footnotes (5)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc.
- F2. 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.
- F3. On April 2, 2026, the reporting person was granted 197,789 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 Compensation Committee be settled in cash.
- F4. On April 3, 2025, the reporting person was granted 147,319 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.
- F5. On April 4, 2023, the reporting person was granted 128,041 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
New RSU grant: 197,789 RSUs
RSUs exercised April 3, 2026: 36,830 shares
RSUs exercised April 4, 2026: 32,010 shares
+4 more
7 metrics
New RSU grant
197,789 RSUs
Granted April 2, 2026, each for one common share
RSUs exercised April 3, 2026
36,830 shares
Conversion of restricted stock units granted April 3, 2025
RSUs exercised April 4, 2026
32,010 shares
Conversion of restricted stock units granted April 4, 2023
Tax-withheld shares April 3, 2026
17,638 shares at $13.36
Payment of tax liability by delivering securities
Tax-withheld shares April 4, 2026
18,776 shares at $13.36
Payment of tax liability by delivering securities
Direct common shares after transactions
318,044 shares
Direct ownership following April 4, 2026 entries
Indirect common shares via LLC
1,800 shares
Held by LLC; McGraner has indirect minority interest
Key Terms
Restricted Stock Units, tax-withholding disposition, grant, award, or other acquisition, pecuniary interest, +1 more
5 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
"Grant, award, or other acquisition"
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"
indirect minority interest financial
"held by a limited liability company in which Mr. McGraner owns an indirect minority interest"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity transactions did NREF executive Matt McGraner report on this Form 4?
McGraner reported a grant of 197,789 restricted stock units, exercises of 36,830 and 32,010 previously granted units into common shares, and tax-withholding dispositions of 17,638 and 18,776 shares at $13.36 per share. These actions reflect routine equity compensation vesting and related tax settlements.
How many restricted stock units did NREF grant to Matt McGraner and how do they vest?
NexPoint Real Estate Finance granted McGraner 197,789 restricted stock units on April 2, 2026. They vest one-fourth on April 2, 2027, and one-fourth on February 15, 2028, 2029, and 2030. Settlement generally occurs within 10 days of vesting, potentially in cash at the Compensation Committee’s discretion.
What were the tax-withholding dispositions reported by NREF’s Matt McGraner?
To satisfy tax obligations related to the equity vesting, 17,638 common shares were withheld on April 3, 2026 and 18,776 common shares were withheld on April 4, 2026. Both sets of shares were valued at $13.36 per share, and these are not open-market sales.
How are McGraner’s indirect NREF holdings structured and what does he disclaim?
An entity, a limited liability company, holds 1,800 NexPoint Real Estate Finance shares associated with McGraner. He owns an indirect minority interest in that LLC and disclaims beneficial ownership of those shares, except to the extent of his pecuniary interest, as noted in the filing footnote.