McGraner Matt 4
4 · NexPoint Residential Trust, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
NXRT EVP Matt McGraner Exercises RSUs, Sells Shares for Taxes
What Happened Matt McGraner, Executive Vice President and Chief Investment Officer of NexPoint Residential Trust (NXRT), had restricted stock units (RSUs) vest and converted to common shares on February 17–18, 2026. He acquired 8,810 shares on Feb 17 and 15,182 shares on Feb 18 (total 23,992). To satisfy tax withholding, 2,978 shares were withheld on Feb 17 at $29.46 (value $87,732) and 4,764 shares were withheld on Feb 18 at $29.93 (value $142,587), for a combined withholding of 7,742 shares and $230,319. The RSU conversions show $0 exercise price (conversion of award rather than a paid option exercise).
Key Details
- Transaction dates: Feb 17, 2026 (8,810 shares acquired; 2,978 withheld) and Feb 18, 2026 (15,182 shares acquired; 4,764 withheld).
- Withholding sale prices/values: $29.46 → $87,732; $29.93 → $142,587; total withheld proceeds $230,319.
- Total shares acquired via conversion: 23,992; total shares withheld for taxes: 7,742.
- These transactions reflect settlement of previously granted RSUs (see footnotes: grants from Feb 2021 and Feb 2022 with staged vesting). Each RSU converts to one share.
- Holdings after the transactions are not specified in this filing.
- Filing date: Feb 19, 2026 — the Form 4 was filed promptly (not marked late).
- Footnotes: shares are held in trust or an LLC in some cases and Mr. McGraner disclaims beneficial ownership except to the extent of his pecuniary interest.
Context This was a routine RSU vesting and settlement with a cashless-style withholding to cover tax liabilities (common for equity awards). The conversion entries (derivative exercise/conversion) show no cash paid for exercise; the withholding entries are recorded as disposals to satisfy taxes. Such withholding-based disposals are administrative and do not necessarily indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-17+8,810→ 305,381 total - Tax Payment
Common Stock
2026-02-17$29.46/sh−2,978$87,732→ 302,403 total - Exercise/Conversion
Common Stock
[F1]2026-02-18+15,182→ 317,585 total - Tax Payment
Common Stock
2026-02-18$29.93/sh−4,764$142,587→ 312,821 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-02-17−8,810→ 8,810 total→ Common Stock (8,810 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-02-18−15,182→ 0 total→ Common Stock (15,182 underlying)
- 13,053.94(indirect: By 401(k))
Common Stock
- 16,986(indirect: By limited liability company)
Common Stock
[F2] - 108,630.25(indirect: By Trust)
Common Stock
[F3]
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc.
- [F2]These shares are held in a trust. Mr. McGraner is the trustee of the trust. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F3]These shares are held by a limited liability company in which Mr. McGraner owns an indirect minority interest. Mr. McGraner disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F4]On February 17, 2022, the reporting person was granted 44,051 restricted stock units which vested one-fifth on February 17, 2023, one-fifth on February 17, 2024, one-fifth on February 17, 2025, one-fifth on February 17, 2026, and which will vest one-fifth on February 17, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
- [F5]On February 18, 2021, the reporting person was granted 75,911 restricted stock units, which vested one-fifth on February 18, 2022, one-fifth on February 18, 2023, one-fifth on February 18, 2024, one-fifth on February 18, 2025, and one-fifth on February 18, 2026. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.