NexPoint Residential (NYSE: NXRT) RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NexPoint Residential Trust, Inc. officer Paul Richards exercised 1,416 restricted stock units into common shares on March 13, 2026. These units are part of a 7,080-unit grant from March 13, 2024 that vests in five equal annual installments through March 13, 2029.
To cover tax obligations, 743 common shares were withheld at $25.73 per share rather than sold on the open market. After these transactions, Richards holds 28,859 common shares directly and 3,788 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,416 shares exercised/converted
Mixed
4 txns
Insider
Richards Paul
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,416 | $0.00 | -- |
| Exercise | Common Stock | 1,416 | $0.00 | -- |
| Tax Withholding | Common Stock | 743 | $25.73 | $19K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,248 shares (Direct);
Common Stock — 29,602 shares (Direct);
Common Stock — 3,788 shares (Indirect, By 401(k) plan.)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc. On March 13, 2024, the reporting person was granted 7,080 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.
FAQ
What insider transaction did NexPoint Residential Trust (NXRT) report for Paul Richards?
Paul Richards exercised 1,416 restricted stock units into common stock and had 743 shares withheld to cover taxes. The transaction reflects scheduled vesting from a prior RSU grant, not an open-market purchase or sale of NexPoint Residential Trust shares.
What is the vesting schedule of Paul Richards’ NexPoint Residential Trust (NXRT) RSU grant?
On March 13, 2024, Paul Richards received 7,080 restricted stock units that vest in five equal one-fifth installments on March 13 of 2025, 2026, 2027, 2028, and 2029. Settlement generally occurs within 10 days of each vesting date.