Arthur B. Laffer converts 3,429 RSUs into NexPoint Residential Trust (NXRT) stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NexPoint Residential Trust director Arthur B. Laffer reported a routine equity compensation event. He exercised 3,429 restricted stock units, receiving the same number of common shares at a price of $0.00 per share, reflecting settlement of a prior award rather than an open-market purchase.
After this transaction, he holds 24,081 common shares directly. An additional 34,304 common shares are held indirectly through a limited liability company he controls, and he disclaims beneficial ownership of those indirect shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,429 shares exercised/converted
Mixed
3 txns
Insider
LAFFER ARTHUR B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,429 | $0.00 | -- |
| Exercise | Common Stock | 3,429 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 24,081 shares (Direct);
Common Stock — 34,304 shares (Indirect, By limited liability company)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc. 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. The reporting person holds these shares indirectly through a limited liability company in which the reporting person controls. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Key Figures
RSUs exercised: 3,429 units/shares
Exercise price: $0.00 per share
Direct common shares after transaction: 24,081 shares
+4 more
7 metrics
RSUs exercised
3,429 units/shares
Restricted stock units converted to common stock
Exercise price
$0.00 per share
Settlement of restricted stock units
Direct common shares after transaction
24,081 shares
Direct ownership following RSU settlement
Indirect common shares via LLC
34,304 shares
Held through a limited liability company
RSU grant date
May 22, 2025
Grant of 3,429 restricted stock units
RSU vesting date
May 22, 2026
Vesting of 3,429 restricted stock units
Net buy/sell shares
0 shares
No net buying or selling reported
Key Terms
Restricted Stock Units, derivative security, pecuniary interest, limited liability company
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
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
"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.
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"
limited liability company financial
"holds these shares indirectly through a limited liability company in which the reporting person controls"
A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.
FAQ
What did NexPoint Residential Trust (NXRT) director Arthur B. Laffer report on this Form 4?
Arthur B. Laffer reported the settlement of a prior equity award, exercising 3,429 restricted stock units into 3,429 shares of NexPoint Residential Trust common stock. This was a compensation-related conversion, not an open-market trade, and involved no reported share sales.
Was there any open-market buying or selling of NXRT stock in this Form 4?
No open-market buying or selling was reported. The Form 4 shows a compensation-related exercise of 3,429 restricted stock units into common shares at $0.00 per share, with no sale transactions and no reported change in net buy or sell shares.
What are the restricted stock units reported for NexPoint Residential Trust (NXRT)?
Each restricted stock unit represents a contingent right to receive one share of NexPoint Residential Trust common stock. Laffer was granted 3,429 units on May 22, 2025, which vested on May 22, 2026 and were then settled into common shares in this filing.
How are indirect NXRT holdings reported for Arthur B. Laffer on this Form 4?
Indirect holdings are reported as 34,304 NexPoint Residential Trust shares held through a limited liability company that Laffer controls. The filing notes he disclaims beneficial ownership of these shares except to the extent of his pecuniary interest in that entity.
Does this NexPoint Residential Trust (NXRT) Form 4 indicate remaining derivative awards for Arthur B. Laffer?
The filing shows 3,429 restricted stock units exercised into common stock and a remaining derivative balance of zero for that award. No additional derivative securities are listed in the derivative summary, indicating no other such positions are visible in this particular report.