NexPoint Residential Trust (NXRT) officer vests 2,073 RSUs, withholds 654 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NexPoint Residential Trust, Inc. officer Dennis Charles Sauter Jr reported routine equity compensation activity. On March 28, 2026, 2,073 Restricted Stock Units were exercised into 2,073 shares of common stock, reflecting a scheduled vesting from a prior grant. To cover tax obligations, 654 common shares were withheld at $24.60 per share, a non‑market, tax-withholding disposition rather than an open-market sale. After these transactions, Sauter directly held 21,819 shares of common stock and 4,144 Restricted Stock Units, indicating he retained a meaningful equity stake following this compensation-related event. The RSUs stem from a 10,363‑unit grant made on March 28, 2023, vesting in equal one‑fifth installments from 2024 through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,073 shares exercised/converted
Mixed
3 txns
Insider
Sauter Dennis Charles Jr
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,073 | $0.00 | -- |
| Exercise | Common Stock | 2,073 | $0.00 | -- |
| Tax Withholding | Common Stock | 654 | $24.60 | $16K |
Holdings After Transaction:
Restricted Stock Units — 4,144 shares (Direct);
Common Stock — 22,473 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 March 28, 2023, the reporting person was granted 10,363 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: 2,073 units
Shares withheld for taxes: 654 shares at $24.60
Common shares held after: 21,819 shares
+2 more
5 metrics
RSUs exercised
2,073 units
Restricted Stock Units converted to common stock on March 28, 2026
Shares withheld for taxes
654 shares at $24.60
Tax-withholding disposition on March 28, 2026
Common shares held after
21,819 shares
Direct NXRT common stock ownership following transactions
RSUs held after
4,144 units
Restricted Stock Units remaining after 2,073-unit vesting tranche
Original RSU grant
10,363 units
Grant dated March 28, 2023 with five equal annual vestings
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, vesting
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.
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.
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.
vesting financial
"which vested one-fifth on March 28, 2024, one-fifth on March 28, 2025 and one-fifth on March 28, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did NXRT officer Dennis Charles Sauter Jr report?
Dennis Charles Sauter Jr reported exercising 2,073 Restricted Stock Units into 2,073 NexPoint Residential Trust common shares. This was part of a scheduled vesting from a 2023 RSU grant and represents routine equity compensation activity rather than an open-market stock purchase.
What are Dennis Charles Sauter Jr’s holdings in NXRT after this Form 4?
Following the reported transactions, Dennis Charles Sauter Jr directly held 21,819 shares of NexPoint Residential Trust common stock and 4,144 Restricted Stock Units. These positions show he maintained a significant continuing equity interest after the compensation-related vesting and associated tax withholding.
What is the vesting schedule of the 2023 NXRT RSU grant reported in this filing?
The March 28, 2023 NexPoint Residential Trust RSU grant totaled 10,363 units, vesting one-fifth on March 28 of 2024, 2025, 2026, 2027, and 2028. Settlement generally occurs within 10 days of each vesting date and may be in cash at the Compensation Committee’s discretion.
What does each NXRT Restricted Stock Unit represent in this filing?
Each NexPoint Residential Trust Restricted Stock Unit represents a contingent right to receive one share of common stock. Upon vesting, RSUs are settled generally within 10 days, either in shares or, at the Compensation Committee’s discretion, potentially in cash as described in the filing’s footnotes.