NXDT director exercises 4,830 restricted share units
NexPoint Diversified Real Estate Trust director Scott F. Kavanaugh reported routine equity compensation activity.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
NexPoint Diversified Real Estate Trust director Scott F. Kavanaugh reported routine equity compensation activity. On June 10, 2026, he exercised 4,830 restricted share units into 4,830 common shares at $0.00 per share, following their vesting. After this exercise, he holds 26,163 common shares directly and 50,026 common shares indirectly through a benefit plan, reflecting compensation-related awards rather than open-market buying or selling.
Insider Trade Summary
4,830 shares exercised/converted
Exercise
2 txns
Insider
KAVANAUGH SCOTT F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Shares Units | 4,830 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,830 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Shares Units — 0 contracts (Direct);
Common Stock — 26,163 shares (Direct);
Common Stock — 50,026 shares (Indirect, By Benefit Plan)
Footnotes (4)
- F1. Each restricted share unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust (the "Company").
- F2. Includes shares acquired pursuant to elective stock dividends paid on the Company's common shares.
- F3. These shares are held in a defined plan for the benefit of the reporting person.
- F4. On June 10, 2025, the reporting person was granted 4,830 restricted share units which vested on June 10, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
Key Figures
RSUs exercised: 4,830 units
Exercise price: $0.00 per share
Direct common shares after transaction: 26,163 shares
+2 more
5 metrics
RSUs exercised
4,830 units
Restricted share units converted into common shares on June 10, 2026
Exercise price
$0.00 per share
Price per common share received upon RSU settlement
Direct common shares after transaction
26,163 shares
Total directly held NXDT common stock following the exercise
Indirect common shares via benefit plan
50,026 shares
Shares held in a defined plan for the reporting person’s benefit
RSU grant size
4,830 units
Restricted share units granted on June 10, 2025 and vested June 10, 2026
Key Terms
restricted share unit, elective stock dividends, defined plan, Compensation Committee, +1 more
5 terms
elective stock dividends financial
"Includes shares acquired pursuant to elective stock dividends paid on the Company's common shares"
defined plan financial
"These shares are held in a defined plan for the benefit of the reporting person"
Compensation Committee financial
"Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NXDT director Scott F. Kavanaugh report in this Form 4?
Scott F. Kavanaugh reported exercising 4,830 restricted share units into common stock. The transaction reflects vesting and settlement of equity compensation rather than an open-market purchase or sale, and results in increased directly held common shares.
What is the size of the derivative exercise reported for NXDT?
The filing shows an exercise of 4,830 restricted share units into 4,830 common shares of NexPoint Diversified Real Estate Trust. Each restricted share unit represents a contingent right to receive one common share, and these units vested before settlement into stock.
Were the NXDT transactions open-market buys or sells by Scott F. Kavanaugh?
The transactions were not open-market buys or sells. They represent the exercise of 4,830 restricted share units and updated reporting of indirect holdings in a benefit plan, reflecting compensation-related equity rather than discretionary trading in the market.
How were Scott F. Kavanaugh’s indirect NXDT holdings reported in this Form 4?
The filing reports 50,026 common shares held indirectly in a defined plan for the benefit of Scott F. Kavanaugh. Footnotes explain these include shares acquired through elective stock dividends on the company’s common shares within that benefit plan structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
