Officer at NexPoint Residential Trust (NYSE: NXRT) settles RSUs and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NexPoint Residential Trust, Inc. officer Paul Richards reported routine equity compensation activity. On March 28, 2026, 948 restricted stock units vested and were exercised into 948 shares of common stock at an exercise price of $0.00 per share. To cover related tax obligations, 523 shares of common stock were withheld at $24.60 per share, leaving a net 425 shares added to his direct holdings. After these transactions, Richards directly owns 30,984 shares of NexPoint Residential Trust common stock and indirectly holds 3,788 shares through a 401(k) plan. Each restricted stock unit represents a contingent right to receive one share of common stock, with the original 4,738-unit grant vesting in five equal annual installments from 2024 through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
948 shares exercised/converted
Mixed
4 txns
Insider
Richards Paul
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 948 | $0.00 | -- |
| Exercise | Common Stock | 948 | $0.00 | -- |
| Tax Withholding | Common Stock | 523 | $24.60 | $13K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,894 shares (Direct);
Common Stock — 31,507 shares (Direct);
Common Stock — 3,788 shares (Indirect, By 401(k) plan.)
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 4,738 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: 948 units / shares
Tax withholding shares: 523 shares at $24.60
Direct holdings after transaction: 30,984 shares
+3 more
6 metrics
RSUs exercised
948 units / shares
Restricted stock units converted to common stock on March 28, 2026
Tax withholding shares
523 shares at $24.60
Shares withheld to satisfy tax liability on March 28, 2026
Direct holdings after transaction
30,984 shares
Common stock directly owned by Paul Richards after reported transactions
Indirect 401(k) holdings
3,788 shares
Common stock held indirectly through a 401(k) plan
Original RSU grant
4,738 units
Restricted stock units granted on March 28, 2023
Vesting schedule
Five annual installments
RSUs vest one-fifth each year from 2024 through 2028
Key Terms
Restricted Stock Units, tax-withholding disposition, contingent right, 401(k) plan, +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.
contingent right financial
"represents a contingent right to receive one share of common stock"
401(k) plan financial
"Common Stock, nature_of_ownership: By 401(k) plan."
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.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
FAQ
What insider transaction did NexPoint Residential Trust (NXRT) report for Paul Richards?
NexPoint Residential Trust reported that officer Paul Richards exercised 948 restricted stock units into common stock. As part of the same event, 523 shares were withheld to satisfy tax obligations, making this a routine compensation and tax-settlement transaction rather than an open-market trade.
How do the restricted stock units for NexPoint Residential Trust (NXRT) vest for Paul Richards?
Richards was granted 4,738 restricted stock units on March 28, 2023. These units vest in five equal annual installments: one-fifth each year from March 28, 2024, through March 28, 2028, with settlement generally occurring within 10 days of each vesting date.
What does each restricted stock unit represent for NexPoint Residential Trust (NXRT)?
Each restricted stock unit granted to Paul Richards represents a contingent right to receive one share of NexPoint Residential Trust common stock. Once vested, units are settled in shares or, at the Compensation Committee’s discretion, potentially in cash, typically within 10 days after vesting.