Dondero exercises 22,350 RSUs at NexPoint Residential Trust (NYSE: NXRT)
Rhea-AI Filing Summary
NexPoint Residential Trust, Inc. director, president and 10% owner James D. Dondero reported an exercise of equity awards. On March 13, 2026, he converted 22,350 restricted stock units into an equal number of common shares at a stated price of $0.00 per share.
Following this transaction, Dondero directly holds 682,339 shares of common stock and 67,050 restricted stock units. The filing also lists substantial indirect holdings, including shares held by a trust, multiple NexPoint-managed funds, PCMG Trading Partners XXIII, L.P., and a 401(k) account, with several positions explicitly subject to beneficial ownership disclaimers.
A footnote explains that the 22,350 units are part of a 111,752 restricted stock unit grant from March 13, 2024, vesting in five equal annual installments from March 13, 2025 through March 13, 2029, with settlement generally within 10 days of each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 22,350 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| Exercise | Restricted Stock Units | 22,350 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc. These shares are held by a trust. Mr. Dondero disclaims beneficial ownership of such shares. 28,322 shares are held by NexPoint Real Estate Strategies Fund, 101,739 shares are held by NexPoint Diversified Real Estate Trust and 23,409 shares are held by NexPoint Capital, Inc. These entities are managed by NexPoint Advisors, L.P. ("NP"). Mr. Dondero is the sole member of NP's general partner, and may be deemed to be an indirect beneficial owner of shares held by NP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. 213,700 shares are held by Highland Opportunities and Income Fund and 195,363 shares are held by Highland Global Allocation Fund. These entities are managed by NexPoint Asset Management, L.P., which is ultimately controlled by Mr. Dondero. Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by such entities. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. These shares are held through PCMG Trading Partners XXIII, L.P. ("PCMG"). The reporting person may be deemed to be an indirect beneficial owner of the shares held by PCMG. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. These shares are held by a subsidiary of the trust referenced in footnote 2 to this Form 4. Mr. Dondero disclaims beneficial ownership of such shares. On March 13, 2024, the reporting person was granted 111,752 restricted stock units which vested one-fifth on March 13, 2025 and one-fifth on March 13, 2026, and which will vest one-fifth on March 13, 2027, one-fifth on March 13, 2028, and one-fifth on March 13, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
