NexPoint director exercises 3,429 RSUs into shares
NexPoint Residential Trust director Scott F. Kavanaugh exercised restricted stock units into common shares.
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Form Type
4
Rhea-AI Filing Summary
NexPoint Residential Trust director Scott F. Kavanaugh exercised restricted stock units into common shares. On May 22, 2026, 3,429 restricted stock units converted into 3,429 shares of common stock at a stated price of $0.00 per share. These units were originally granted on May 22, 2025 and vested on May 22, 2026. After the settlement, Kavanaugh directly holds 33,792 shares of NexPoint Residential Trust common stock.
Insider Trade Summary
3,429 shares exercised/converted
Exercise
2 txns
Insider
KAVANAUGH SCOTT F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,429 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,429 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 33,792 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
- F2. On May 22, 2025, the reporting person was granted 3,429 restricted stock units which vested on May 22, 2026. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
Key Figures
RSUs exercised: 3,429 units
Shares acquired: 3,429 shares
Post-transaction holdings: 33,792 shares
+3 more
6 metrics
RSUs exercised
3,429 units
Restricted stock units converting into common stock on May 22, 2026
Shares acquired
3,429 shares
Common stock received from RSU conversion on May 22, 2026
Post-transaction holdings
33,792 shares
Direct NexPoint Residential Trust common stock held after transaction
Grant date
May 22, 2025
Date 3,429 restricted stock units were granted
Vesting date
May 22, 2026
Date 3,429 restricted stock units vested
Stated exercise price
$0.00 per share
Price reported for RSU conversion into common stock
Key Terms
Restricted Stock Units, derivative security, contingent right, Compensation Committee
4 terms
Restricted Stock Units financial
"On May 22, 2025, the reporting person was granted 3,429 restricted stock units which vested on May 22, 2026."
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.
derivative security financial
"transaction_code_description: 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
Compensation Committee financial
"Settlement will generally occur within 30 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NXRT director Scott F. Kavanaugh report?
Scott F. Kavanaugh reported exercising restricted stock units into NexPoint Residential Trust common shares. On May 22, 2026, 3,429 restricted stock units converted into 3,429 common shares at a stated price of $0.00 per share, reflecting routine equity compensation settlement.
What are the terms of the NXRT restricted stock units exercised by Kavanaugh?
Each restricted stock unit represents a contingent right to receive one NexPoint Residential Trust common share. The 3,429 units were granted on May 22, 2025, vested on May 22, 2026, and settlement generally occurs within 30 days, potentially in cash at the Compensation Committee’s discretion.
Was Kavanaugh’s NXRT Form 4 a stock purchase or RSU settlement?
The Form 4 reflects settlement of restricted stock units, not an open-market stock purchase. Transaction code “M” shows exercise or conversion of a derivative security, where 3,429 restricted stock units converted into 3,429 NexPoint Residential Trust common shares at a stated price of $0.00 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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