Equity awards vest for NexPoint Residential (NYSE: NXRT) General Counsel
Rhea-AI Filing Summary
NexPoint Residential Trust, Inc. General Counsel and Secretary Dennis Charles Sauter Jr reported equity award activity over two days in February 2026. On February 17 and 18, 2026, he exercised restricted stock units into a total of 2,431 shares of common stock at a reported price of $0.0000 per share.
To cover tax obligations related to these vestings, 366 shares were withheld at $29.46 per share and 549 shares at $29.93 per share as tax-withholding dispositions, rather than open-market sales. After these transactions, he directly owned 18,785 shares of NexPoint Residential Trust common stock.
The restricted stock units stem from grants originally awarded in February 2021 and February 2022, which vest in annual one-fifth increments on specified February dates. Settlement generally occurs within ten days of vesting and, at the Compensation Committee’s discretion, may be settled in cash instead of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unita | 1,436 | $0.00 | -- |
| Exercise | Common Stock | 1,436 | $0.00 | -- |
| Tax Withholding | Common Stock | 549 | $29.93 | $16K |
| Exercise | Restricted Stock Unita | 995 | $0.00 | -- |
| Exercise | Common Stock | 995 | $0.00 | -- |
| Tax Withholding | Common Stock | 366 | $29.46 | $11K |
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 4,974 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 and 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 7,180 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.