NexPoint Residential (NYSE: NXRT) officer exercises 22,350 RSUs and withholds 9,837 shares for taxes
Rhea-AI Filing Summary
NexPoint Residential Trust executive Matt McGraner exercised equity awards and covered related taxes. On March 13, 2026, he converted 22,350 restricted stock units into the same number of common shares at $0 per unit. Of these, 9,837 shares were withheld at $25.73 per share to satisfy tax obligations.
After these transactions, he directly held 329,334 common shares and 67,050 restricted stock units. He also had indirect interests in 13,053.94 shares via a 401(k) plan, 16,986 shares through a limited liability company, and 108,630.25 shares held in a trust, while disclaiming beneficial ownership beyond his pecuniary interest in the entity and trust holdings.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax withholding; no open-market trades.
This Form 4 shows Matt McGraner converting 22,350 restricted stock units into common stock of NexPoint Residential Trust. The award stems from a grant of 111,752 RSUs on March 13, 2024, vesting in five equal annual installments through March 13, 2029.
To cover taxes on vesting, 9,837 shares were withheld at $25.73 per share, which is a standard non-market disposition. Following the transactions, he holds 329,334 shares directly plus additional indirect interests via a 401(k), an LLC, and a trust, with explicit disclaimers limiting beneficial ownership to his pecuniary interest in the LLC and trust positions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 22,350 | $0.00 | -- |
| Exercise | Common Stock | 22,350 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,837 | $25.73 | $253K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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 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. These shares are held in a trust. Mr. McGraner is the trustee of the trust. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. 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.
