Matt McGraner - 20 Feb 2024 Form 4 Insider Report for NexPoint Residential Trust, Inc. (NXRT)

Role
EVP, Chief Investment Officer
Signature
/s/ Brian Mitts, as attorney-in-fact
Issuer symbol
NXRT
Transactions as of
20 Feb 2024
Transactions value $
-$335,161
Form type
4
Filing time
22 Feb 2024, 18:07:28 UTC
Previous filing
21 Feb 2024
Next filing
23 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXRT Common Stock Options Exercise +12.4K +5.69% 231K 20 Feb 2024 Direct F1
transaction NXRT Common Stock Tax liability -$149K -5.11K -2.21% $29.24 226K 20 Feb 2024 Direct
transaction NXRT Common Stock Options Exercise +13.1K +5.78% 239K 21 Feb 2024 Direct F1
transaction NXRT Common Stock Tax liability -$186K -6.4K -2.67% $29.05 233K 21 Feb 2024 Direct
holding NXRT Common Stock 13.1K 20 Feb 2024 By 401(k) plan
holding NXRT Common Stock 17K 20 Feb 2024 By limited liability company F2
holding NXRT Common Stock 109K 20 Feb 2024 By Trust F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NXRT Restricted Stock Units Options Exercise $0 -12.4K -50% $0.00 12.4K 20 Feb 2024 Common Stock 12.4K Direct F1, F4
transaction NXRT Restricted Stock Units Options Exercise $0 -13.1K -100% $0.00* 0 21 Feb 2024 Common Stock 13.1K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 February 20, 2020, the reporting person was granted 62,227 restricted stock units which vested one-fifth on February 20, 2021, one-fifth on February 20, 2022, one-fifth on February 20, 2023, and one-fifth on February 20, 2024 and which will vest one-fifth on February 20, 2025. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
F5 On February 21, 2019, the reporting person was granted 65,333 restricted stock units which vested one-fifth on February 21, 2020, one-fifth on February 21, 2021, one-fifth on February 21, 2022, one-fifth on February 21, 2023 and one-fifth on February 21, 2024. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.