NXRT director exercises RSUs, updates share holdings
NexPoint Residential Trust director Brian Mitts reported routine equity compensation activity involving restricted stock units and common stock.
Rhea-AI Filing Summary
NexPoint Residential Trust director Brian Mitts reported routine equity compensation activity involving restricted stock units and common stock. On March 28, 2026 he exercised 3,730 restricted stock units into 3,730 shares of common stock at no exercise price, increasing his direct holdings. The filing also shows 559 shares disposed back to the issuer and 1,107 shares withheld at $24.60 per share to cover tax obligations and related costs. After these transactions, Mitts directly held 58,574 shares of NexPoint Residential Trust common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,730 shares exercised/converted
Exercise
4 txns
Insider
Mitts Brian
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,730 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,730 | $0.00 | $0.00 |
| Disposition | Common Stock | 559 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,107 | $24.60 | $27K |
Holdings After Transaction:
Restricted Stock Units — 7,460 contracts (Direct);
Common Stock — 58,574 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
- F2. Represents the portion of the previously reported restricted stock unit grant that vested on March 28, 2026 and settled in cash.
- F3. On March 28, 2023, the reporting person was granted 18,652 restricted stock units which vested one-fifth on March 28, 2024, one-fifth on March 28, 2025 and one-fifth on March 28, 2026, and which will vest one-fifth on March 28, 2027 and one-fifth on March 28, 2028. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
Key Figures
RSUs exercised: 3,730 units
Common shares acquired: 3,730 shares
Shares disposed to issuer: 559 shares
+4 more
7 metrics
RSUs exercised
3,730 units
Restricted stock units converted to common stock on March 28, 2026
Common shares acquired
3,730 shares
Shares received from RSU exercise on March 28, 2026
Shares disposed to issuer
559 shares
Common stock disposition to issuer coded as D on March 28, 2026
Tax-withholding shares
1,107 shares
Shares delivered at $24.60 per share to cover tax obligations
Tax-withholding price
$24.60 per share
Value used for tax-withholding disposition on March 28, 2026
Shares held after transactions
58,574 shares
Direct common stock ownership following March 28, 2026 transactions
Original RSU grant
18,652 units
Restricted stock units granted on March 28, 2023, vesting over five years
Key Terms
Restricted Stock Units, vested, settled in cash, Compensation Committee, +1 more
5 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.
vested financial
"Represents the portion of the previously reported restricted stock unit grant that vested on March 28, 2026"
settled in cash financial
"vested on March 28, 2026 and settled in cash"
Compensation Committee financial
"may at the discretion of the Compensation Committee be settled in cash"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did NXRT director Brian Mitts report on March 28, 2026?
Brian Mitts reported exercising 3,730 restricted stock units into 3,730 common shares. The same day, 559 shares were disposed to the issuer and 1,107 shares were withheld at $24.60 per share to satisfy tax and related obligations.
What type of equity award did Brian Mitts exercise in this NXRT Form 4?
He exercised 3,730 restricted stock units, each representing a contingent right to receive one NexPoint Residential Trust common share. These units were part of an 18,652-unit grant awarded on March 28, 2023 with vesting in five equal annual installments.
How do the NXRT restricted stock units granted in 2023 vest over time?
On March 28, 2023, Brian Mitts received 18,652 restricted stock units. They vest one-fifth on March 28, 2024, 2025, 2026, 2027, and 2028. Settlement generally occurs within 10 days of vesting and may be settled in cash at the Compensation Committee’s discretion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
