NexPoint Residential (NXRT) president acquires 16,506 shares via RSU exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NexPoint Residential Trust, Inc. president and director James D. Dondero exercised 16,506 restricted stock units, receiving an equal number of NXRT common shares at a price of $0.00 per share. The transaction reflects settlement of previously granted equity compensation, not an open-market purchase or sale.
Following the exercise, Dondero directly holds 698,845 shares of common stock and 33,012 restricted stock units. The vested units come from an 82,530-unit RSU grant awarded on March 28, 2023 that vests in five equal annual installments through 2028.
Additional NXRT shares are held by various trusts and investment funds, including entities managed by NexPoint Advisors and NexPoint Asset Management. Dondero may be deemed an indirect beneficial owner of shares held by these entities but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
16,506 shares exercised/converted
Mixed
8 txns
Insider
DONDERO JAMES D
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 16,506 | $0.00 | -- |
| Exercise | Common Stock | 16,506 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 33,012 shares (Direct);
Common Stock — 698,845 shares (Direct);
Common Stock — 1,307,766 shares (Indirect, By trust)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc. These shares are held by a trust. Mr. Dondero disclaims beneficial ownership of such shares. 28,322 shares are held by NexPoint Real Estate Strategies Fund, 101,739 shares are held by NexPoint Diversified Real Estate Trust and 23,409 shares are held by NexPoint Capital, Inc. These entities are managed by NexPoint Advisors, L.P. ("NP"). Mr. Dondero is the sole member of NP's general partner, and may be deemed to be an indirect beneficial owner of shares held by NP. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. 213,700 shares are held by Highland Opportunities and Income Fund and 195,363 shares are held by Highland Global Allocation Fund. These entities are managed by NexPoint Asset Management, L.P., which is ultimately controlled by Mr. Dondero. Mr. Dondero may be deemed to be an indirect beneficial owner of shares held by such entities. Mr. Dondero disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. These shares are held through PCMG Trading Partners XXIII, L.P. ("PCMG"). The reporting person may be deemed to be an indirect beneficial owner of the shares held by PCMG. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. These shares are held by a subsidiary of the trust referenced in footnote 2 to this Form 4. Mr. Dondero disclaims beneficial ownership of such shares. Includes shares acquired under a dividend reinvestment plan. On March 28, 2023, the reporting person was granted 82,530 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: 16,506 units
Direct common shares after exercise: 698,845 shares
RSUs remaining: 33,012 units
+5 more
8 metrics
RSUs exercised
16,506 units
Restricted stock units converted to common stock on March 28, 2026
Direct common shares after exercise
698,845 shares
Direct NXRT common stock held by James Dondero after transaction
RSUs remaining
33,012 units
Restricted stock units held after the March 28, 2026 vesting event
Original RSU grant
82,530 units
Grant dated March 28, 2023 vesting in five equal annual tranches
Trust-held shares
1,307,766 shares
Common stock reported as held by a trust, with ownership disclaimed
NexPoint-managed fund holdings
28,322; 101,739; 23,409 shares
Shares held by NexPoint Real Estate Strategies Fund, Diversified Real Estate Trust, and NexPoint Capital
Highland fund holdings
213,700; 195,363 shares
Shares held by Highland Opportunities and Income Fund and Highland Global Allocation Fund
401(k) plan holdings
42,765.8496 shares
NXRT shares held indirectly through a 401(k), including dividend reinvestment
Key Terms
Restricted Stock Units, derivative security, pecuniary interest, indirect beneficial owner, +2 more
6 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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"
indirect beneficial owner financial
"may be deemed to be an indirect beneficial owner of shares held by NP"
dividend reinvestment plan financial
"Includes shares acquired under a dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
disclaims beneficial ownership financial
"Mr. Dondero disclaims beneficial ownership of such shares"
FAQ
What did James Dondero report in his latest Form 4 for NexPoint Residential Trust (NXRT)?
James Dondero exercised 16,506 restricted stock units into NXRT common shares. The units converted at $0.00 per share as part of an equity compensation grant, with no open-market buying or selling involved in this specific Form 4 transaction.
What are the terms of James Dondero’s 82,530-unit RSU grant from March 28, 2023 at NexPoint Residential (NXRT)?
The 82,530 restricted stock units vest in five equal annual installments. One-fifth vested on March 28 in each of 2024, 2025 and 2026, with the remaining two-fifths scheduled to vest in 2027 and 2028, generally settling within 10 days of vesting.
Was James Dondero’s NexPoint Residential (NXRT) Form 4 an open-market stock purchase or sale?
No, the Form 4 reflects a derivative exercise of restricted stock units. Dondero converted 16,506 RSUs into common shares at $0.00 per share, a compensation-related settlement rather than a discretionary open-market buy or sell transaction.
What indirect NexPoint Residential Trust (NXRT) holdings are associated with James Dondero?
Indirect NXRT holdings are reported through trusts and investment funds. These include shares held by a trust, NexPoint Real Estate Strategies Fund, NexPoint Diversified Real Estate Trust, NexPoint Capital, and other managed funds, where Dondero may be deemed an indirect owner but disclaims full beneficial ownership.