NexPoint Residential (NXRT) grants 16,800 restricted stock units to company officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sauter Dennis Charles Jr reported acquisition or exercise transactions in this Form 4 filing.
NexPoint Residential Trust, Inc. reported that officer Dennis Charles Sauter Jr received a grant of 16,800 restricted stock units (RSUs) on April 2, 2026. Each RSU represents a contingent right to receive one share of NexPoint Residential Trust common stock.
The RSUs vest over time: one-fifth on April 2, 2027, one-fifth on February 15, 2028, one-fifth on February 15, 2029, and the remaining two-fifths on February 15, 2030. Settlement will generally occur within 10 days after each vesting date and, at the Compensation Committee’s discretion, may be made in cash rather than shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sauter Dennis Charles Jr
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 16,800 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 16,800 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 April 2, 2026, the reporting person was granted 16,800 restricted stock units. The restricted stock units will vest one-fifth on April 2, 2027, one-fifth on February 15, 2028, one-fifth on February 15, 2029 and two-fifths on February 15, 2030. 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 granted: 16,800 units
First vesting tranche: 1/5 of 16,800 units
Second vesting tranche: 1/5 of 16,800 units
+3 more
6 metrics
RSUs granted
16,800 units
Restricted stock units granted on April 2, 2026
First vesting tranche
1/5 of 16,800 units
Vests on April 2, 2027
Second vesting tranche
1/5 of 16,800 units
Vests on February 15, 2028
Third vesting tranche
1/5 of 16,800 units
Vests on February 15, 2029
Final vesting tranche
2/5 of 16,800 units
Vests on February 15, 2030
Settlement window
Within 10 days
Settlement period after each vesting date
Key Terms
Restricted Stock Units, vest, Settlement, Compensation Committee
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.
vest financial
"The restricted stock units will vest one-fifth on April 2, 2027, one-fifth on February 15, 2028"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Settlement financial
"Settlement will generally occur within 10 days of vesting and may be settled in cash"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
Compensation Committee financial
"Settlement may at the discretion of the Compensation Committee be settled in cash"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What did NexPoint Residential Trust (NXRT) disclose about Dennis Sauter’s recent equity award?
NexPoint Residential Trust granted officer Dennis Charles Sauter Jr 16,800 restricted stock units on April 2, 2026. Each unit represents a contingent right to receive one share of common stock, subject to a multi-year vesting schedule and settlement terms set by the Compensation Committee.
How many restricted stock units did Dennis Sauter receive from NXRT?
Dennis Charles Sauter Jr received 16,800 restricted stock units from NexPoint Residential Trust. These units give him the contingent right to receive an equal number of common shares, provided specific vesting dates are met and subject to the company’s settlement practices for vested awards.
What is the vesting schedule for Dennis Sauter’s 16,800 NXRT restricted stock units?
The 16,800 restricted stock units vest in stages: one-fifth on April 2, 2027, one-fifth on February 15, 2028, one-fifth on February 15, 2029, and two-fifths on February 15, 2030. This structure ties the potential share delivery to multi-year service or performance.
How will Dennis Sauter’s NXRT restricted stock units be settled when they vest?
When the restricted stock units vest, settlement will generally occur within 10 days of each vesting date. The Compensation Committee may choose to settle the award in cash instead of issuing common shares, providing flexibility in how value is ultimately delivered.
What does each restricted stock unit granted to Dennis Sauter by NXRT represent?
Each restricted stock unit granted to Dennis Charles Sauter Jr represents a contingent right to receive one share of NexPoint Residential Trust common stock. Actual delivery of shares or cash depends on satisfying vesting conditions and the Compensation Committee’s settlement decisions.
Does Dennis Sauter hold all 16,800 NXRT restricted stock units after this grant?
Following the grant, Dennis Charles Sauter Jr is shown holding 16,800 restricted stock units. These units remain subject to the stated vesting schedule, and only vested portions can later be settled in shares or cash as determined under the award’s terms.