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NexPoint Residential Trust (NXRT) director exercises 3,540 RSUs and settles taxes in shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NexPoint Residential Trust director Brian Mitts reported equity compensation activity involving restricted stock units and common shares. On March 13, 2026, he exercised 3,540 restricted stock units, receiving the same number of common shares at a stated price of $0.00 per share.

Following this, 531 common shares were disposed of back to the issuer and 745 common shares were withheld at $25.73 per share to cover tax obligations. After these transactions, Mitts directly held 56,510 shares of common stock. Footnotes explain these units are part of a 17,699-unit grant from March 13, 2024 that vests in five equal annual installments and may be settled in cash at the Compensation Committee’s discretion.

Positive

  • None.

Negative

  • None.

Insights

Routine RSU vesting, partial share withholding for taxes, no open‑market trades.

Brian Mitts, a director of NexPoint Residential Trust, exercised 3,540 restricted stock units into common stock on March 13, 2026. This stems from a 17,699-unit RSU grant awarded on March 13, 2024 with five equal annual vesting tranches.

Of the shares received, 531 were returned to the issuer and 745 were used to satisfy tax liabilities at $25.73 per share. These D- and F-code dispositions are structured events, not open-market sales, and therefore carry limited signal about Mitts’ view of the stock.

After the transactions, Mitts directly owned 56,510 common shares. With no remaining derivative positions shown and no open‑market buys or sells, this filing primarily documents routine compensation vesting and associated tax handling rather than a change in investment thesis.

Insider Mitts Brian
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 3,540 $0.00 --
Exercise Common Stock 3,540 $0.00 --
Disposition Common Stock 531 $0.00 --
Tax Withholding Common Stock 745 $25.73 $19K
Holdings After Transaction: Restricted Stock Units — 10,619 shares (Direct); Common Stock — 57,786 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc. Represents the portion of the previously reported restricted stock unit grant that vested on March 13, 2026 and settled in cash. On March 13, 2024, the reporting person was granted 17,699 restricted stock units which vested one-fifth on March 13, 2025 and one-fifth on March 13, 2026, and which will vest one-fifth on March 13, 2027, one-fifth on March 13, 2028, and one-fifth on March 13, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Mitts Brian
(Last) (First) (Middle)
300 CRESCENT COURT, SUITE 700
(Street)
DALLAS TX 75201
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NexPoint Residential Trust, Inc. [ NXRT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/13/2026 M 3,540 A (1) 57,786 D
Common Stock 03/13/2026 D 531 D (2) 57,255 D
Common Stock 03/13/2026 F 745 D $25.73 56,510 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 03/13/2026 M 3,540 (3) (3) Common Stock 3,540 $0 10,619 D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
2. Represents the portion of the previously reported restricted stock unit grant that vested on March 13, 2026 and settled in cash.
3. On March 13, 2024, the reporting person was granted 17,699 restricted stock units which vested one-fifth on March 13, 2025 and one-fifth on March 13, 2026, and which will vest one-fifth on March 13, 2027, one-fifth on March 13, 2028, and one-fifth on March 13, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
/s/ Paul Richards, as attorney-in-fact for Brian Mitts 03/17/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did NexPoint Residential Trust (NXRT) director Brian Mitts report on this Form 4?

Director Brian Mitts reported the exercise of 3,540 restricted stock units into common stock. He then returned 531 shares to the issuer and had 745 shares withheld to cover taxes, documenting routine vesting and settlement activity rather than open‑market trading.

How many NexPoint Residential Trust (NXRT) shares does Brian Mitts hold after these transactions?

After the reported transactions, Brian Mitts directly holds 56,510 shares of NexPoint Residential Trust common stock. This figure comes after exercising 3,540 RSUs, a 531‑share disposition to the issuer, and 745 shares withheld to satisfy related tax obligations.

What restricted stock unit grant is referenced in Brian Mitts’ NXRT Form 4 filing?

The filing references a grant of 17,699 restricted stock units awarded on March 13, 2024. These units vest in five equal installments on March 13 of 2025, 2026, 2027, 2028, and 2029, with settlement generally within 10 days of each vesting date.

How were taxes handled on Brian Mitts’ March 13, 2026 NXRT equity transaction?

Taxes were handled through share withholding rather than a market sale. Specifically, 745 common shares were withheld at a price of $25.73 per share to pay tax liabilities related to the restricted stock unit vesting and settlement on March 13, 2026.

Did Brian Mitts execute any open-market purchases or sales of NXRT stock in this Form 4?

No open-market purchases or sales are reported. The transactions consist of an RSU exercise, a disposition of 531 shares to the issuer, and 745 shares withheld for taxes. All are compensation-related, not discretionary market trades in NexPoint Residential Trust stock.

How do the RSUs in this NXRT Form 4 convert into common stock?

Each restricted stock unit represents a contingent right to receive one share of NexPoint Residential Trust common stock. When units vest, they generally settle within 10 days and may, at the Compensation Committee’s discretion, be settled in cash instead of shares.