4/A//SEC Filing
Sauter Dennis Charles Jr 4/A
Accession 0001437749-25-029185
CIK 0001356115other
Filed
Sep 15, 8:00 PM ET
Accepted
Sep 16, 5:02 PM ET
Size
9.4 KB
Accession
0001437749-25-029185
Insider Transaction Report
Form 4/AAmended
Sauter Dennis Charles Jr
See Remarks
Transactions
- Other
Profits LTIP Units
2025-04-17+6,345→ 7,252.5 total→ Common Shares (6,345 underlying) - Other
Profits LTIP Units
2025-04-17+907.5→ 907.5 total→ Common Shares (907.5 underlying)
Footnotes (4)
- [F1]Acquired pursuant to that certain Agreement and Plan of Merger, dated as of November 22, 2024, by and among the Issuer, the OP, and those certain other parties thereto, with the exchange rate being equal to the quotient of $0.36 divided by the volume weighted average price of the shares of Common Stock quoted on the New York Stock Exchange for the ten (10) trading days prior to the closing of the merger of NHT Hospitality, Inc. with and into one of the Issuer's wholly owned subsidiaries which equaled $3.7228.
- [F2]Represents LTIP Units in the OP. Each LTIP Units can ultimately be redeemed by the reporting person for cash or common shares of the Issuer at the option of the Issuer.
- [F3]On April 17, 2025, the reporting person was granted 7,252.5 LTIP Units of which 6,345 were vested immediately as of the grant date. The remaining LTIP Units will vest on December 13, 2025 and are not subject to expiration. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
- [F4]Subject to adjustment for certain events including stock splits, reverse stock splits, stock dividends and recapitalizations of Issuer.
Documents
Issuer
NEXPOINT DIVERSIFIED REAL ESTATE TRUST
CIK 0001356115
Entity typeother
Related Parties
1- filerCIK 0001803863
Filing Metadata
- Form type
- 4/A
- Filed
- Sep 15, 8:00 PM ET
- Accepted
- Sep 16, 5:02 PM ET
- Size
- 9.4 KB