Brian Mitts converts RSUs as NexPoint Residential (NYSE: NXRT) withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NexPoint Residential Trust director Brian Mitts reported RSU vesting and related share withholding transactions. On February 17, 2026, 1,989 restricted stock units were converted into 1,989 shares of common stock at $0.00 per share, and 1,088 shares of common stock were withheld at $29.46 per share to cover tax obligations, leaving 53,349 shares directly owned.
On February 18, 2026, 2,214 restricted stock units were converted into 2,214 shares of common stock at $0.00 per share, and 1,317 shares of common stock were withheld at $29.93 per share for taxes, resulting in direct ownership of 54,246 shares of NexPoint Residential Trust common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,203 shares exercised/converted
Mixed
6 txns
Insider
Mitts Brian
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,214 | $0.00 | -- |
| Exercise | Common Stock | 2,214 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,317 | $29.93 | $39K |
| Exercise | Restricted Stock Units | 1,989 | $0.00 | -- |
| Exercise | Common Stock | 1,989 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,088 | $29.46 | $32K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 55,563 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc. On February 17, 2022, the reporting person was granted 9,947 restricted stock units, which vested one-fifth on February 17, 2023, one-fifth on February 17, 2024, one-fifth on February 17, 2025, one-fifth on February 17, 2026, and which will vest one-fifth on February 17, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash. On February 18, 2021, the reporting person was granted 11,078 restricted stock units which vested one-fifth on February 18, 2022, one-fifth on February 18, 2023, one-fifth on February 18, 2024, one-fifth on February 18, 2025, and one-fifth on February 18, 2026. 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 transactions did Brian Mitts report for NXRT?
Brian Mitts reported RSU conversions and related tax share withholdings. On February 17 and 18, 2026, restricted stock units converted into common shares, and portions of those shares were withheld at set prices to satisfy tax liabilities, adjusting his direct NXRT share ownership.
How do the NXRT restricted stock units reported by Mitts work?
Each restricted stock unit represents a contingent right to receive one NexPoint Residential Trust common share. Footnotes state grants from 2021 and 2022 vest in annual one-fifth installments, with settlement generally within ten days and, at the Compensation Committee’s discretion, possibly paid in cash.