Richards Paul 4

4 · NexPoint Residential Trust, Inc. · Filed Feb 19, 2026

AI-generated summary of this filing

Updated Feb 20, 2026

NexPoint Residential (NXRT) CFO Paul Richards Receives RSUs, Sells Shares for Taxes

What Happened

Paul Richards — Chief Financial Officer, Executive VP‑Finance, Treasurer and Assistant Secretary of NexPoint Residential Trust (NXRT) — had restricted stock units (RSUs) convert to common shares on Feb 17–18, 2026. A total of 1,147 RSUs vested (455 on Feb 17 and 692 on Feb 18).
To satisfy tax withholding, 252 shares (valued at $29.46 each; $7,424) were surrendered on Feb 17 and 398 shares (valued at $29.93 each; $11,912) were surrendered on Feb 18, for total withheld value of $19,336. Net shares issued to Richards were 203 on Feb 17 and 294 on Feb 18 (497 total).

Key Details

Transaction dates/prices:
- Feb 17, 2026: 455 RSUs converted to 455 shares (derivative conversion, code M); 252 shares withheld to cover taxes at $29.46 (code F) = $7,424.
- Feb 18, 2026: 692 RSUs converted to 692 shares (derivative conversion, code M); 398 shares withheld to cover taxes at $29.93 (code F) = $11,912.
Shares owned after transaction: Not specified in the provided filing excerpt.
Footnotes:
- F1: Each RSU represents a right to one common share upon settlement.
- F2/F3: Grants were made in 2022 (2,274 RSUs) and 2021 (3,468 RSUs) with multi‑year vesting schedules; the Feb 17–18 payments reflect scheduled vesting installments. Settlement generally occurs within 10 days and may be cash at the Compensation Committee’s discretion.
Filing timeliness: Form 4 filed Feb 19, 2026 for transactions on Feb 17–18, 2026 (within the normal 2‑business‑day reporting window for officers).

Context

These filings reflect routine RSU vesting and tax‑withholding (shares surrendered to cover tax liability), not an open‑market sale or a discretionary purchase. The derivative entries show $0 exercise price because vested RSUs convert to shares rather than being exercised at a strike price. Tax‑withholding dispositions (code F) are common and generally do not signal a buy/sell opinion by the insider.

Form 4

Period: 2026-02-17

See Remarks

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-17+455→ 25,144 total
Tax Payment
Common Stock
2026-02-17$29.46/sh−252$7,424→ 24,892 total
Exercise/Conversion
Common Stock
[F1]
2026-02-18+692→ 25,584 total
Tax Payment
Common Stock
2026-02-18$29.93/sh−398$11,912→ 25,186 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-17−455→ 464 total
→ Common Stock (455 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-02-18−692→ 0 total
→ Common Stock (692 underlying)

Holdings

Footnotes (3)

[F1]Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Residential Trust, Inc..
[F2]On February 17, 2022, the reporting person was granted 2,274 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.
[F3]On February 18, 2021, the reporting person was granted 3,468 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.

Signature

/s/ Paul Richards|2026-02-19

1 file