NXRT executive exercises 15,870 RSUs; shares withheld
NexPoint Residential Trust executive exercises RSUs and covers taxes with shares.
Rhea-AI Filing Summary
NexPoint Residential Trust executive exercises RSUs and covers taxes with shares. Matt McGraner exercised 15,870 restricted stock units into an equal number of common shares. To cover tax obligations, 7,715 common shares were withheld at $24.60 per share, leaving him with 339,489 common shares held directly, plus additional indirect holdings through a 401(k) plan, a limited liability company, and a trust. The RSUs come from a 79,350-unit award granted on March 28, 2023 that vests in five equal annual installments from March 28, 2024 through March 28, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,870 shares exercised/converted
Exercise
6 txns
Insider
McGraner Matt
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,870 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,870 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,715 | $24.60 | $190K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 31,740 contracts (Direct);
Common Stock — 339,489 shares (Direct);
Common Stock — 13,053.94 shares (Indirect, By 401(k) plan);
Common Stock — 16,986 shares (Indirect, By limited liability company);
Common Stock — 108,630.25 shares (Indirect, By Trust)
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
- F2. These shares are held by a limited liability company in which Mr. McGraner owns an indirect minority interest. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F3. These shares are held in a trust. Mr. McGraner is the trustee of the trust. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F4. On March 28, 2023, the reporting person was granted 79,350 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: 15,870 units
Shares withheld for taxes: 7,715 shares
Tax withholding price: $24.60 per share
+5 more
8 metrics
RSUs exercised
15,870 units
Restricted stock units converted into common stock on March 28, 2026
Shares withheld for taxes
7,715 shares
Common shares delivered at $24.60 to cover tax liability
Tax withholding price
$24.60 per share
Value used for 7,715-share tax-withholding disposition
Direct common shares after transaction
339,489 shares
Direct holdings of common stock following Form 4 transactions
401(k) indirect holdings
13,053.94 shares
Common stock held indirectly via 401(k) plan
LLC indirect holdings
16,986 shares
Common stock held indirectly by limited liability company
Trust indirect holdings
108,630.25 shares
Common stock held indirectly by trust where McGraner is trustee
Original RSU grant
79,350 units
RSUs granted March 28, 2023 vesting in five equal annual tranches
Key Terms
Restricted Stock Units, tax-withholding disposition, 401(k) plan, limited liability company, +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.
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.
401(k) plan financial
"These shares are held in a 401(k) plan as indirect ownership"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
limited liability company financial
"These shares are held by a limited liability company in which Mr. McGraner owns an indirect minority interest"
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.
trust financial
"These shares are held in a trust. Mr. McGraner is the trustee of the trust."
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NXRT executive Matt McGraner report on this Form 4?
Matt McGraner exercised 15,870 restricted stock units into common stock of NexPoint Residential Trust, Inc. He then had 7,715 common shares withheld at $24.60 per share to satisfy tax obligations, a routine compensation-related transaction rather than an open-market stock sale.
What are the vesting terms of Matt McGraner’s 79,350 NXRT restricted stock units?
The 79,350 restricted stock units granted on March 28, 2023 vest in five equal one-fifth installments on March 28 of 2024, 2025, 2026, 2027, and 2028. Settlement generally occurs within 10 days of each vesting date and may be paid in cash at the Compensation Committee’s discretion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
