McGraner Matt 4
4 · NexPoint Real Estate Finance, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
NexPoint (NREF) Exec VP Matt McGraner Exercises RSUs; Shares Withheld
What Happened
Matt McGraner, Executive Vice President and Chief Investment Officer of NexPoint Real Estate Finance (NREF), had 38,438 restricted stock units (RSUs vest) converted to common shares on March 13, 2026. To cover tax withholding, 13,554 of those shares were surrendered at $13.15 per share, generating $178,235. The remaining shares were issued to Mr. McGraner (net shares delivered after withholding).
Key Details
- Date of transaction: 2026-03-13; Form 4 filed 2026-03-17 (timely filing).
- Primary actions: Exercise/conversion of 38,438 RSUs (derivative code M).
- Tax withholding: 13,554 shares withheld/disposed at $13.15 each = $178,235 (code F).
- The RSUs were part of a 153,750-unit grant that vests in four equal annual installments (one-fourth vested 3/13/2025, one-fourth vested 3/13/2026; remaining vest in 2027–2028). Settlement generally occurs within 10 days and may be cash at the committee’s discretion (Footnotes F1, F3).
- Some shares are held by an LLC in which Mr. McGraner has an indirect minority pecuniary interest; he disclaims beneficial ownership except to the extent of that interest (Footnote F2).
- Shares owned after the transaction are not specified in the provided summary.
Context
- This was an RSU vesting/settlement event, not an open-market purchase or discretionary sale. The withholding of shares to satisfy tax obligations is routine and does not necessarily signal a change in the insider’s view of the company.
- The 38,438 shares correspond to one quarterly/annual vesting installment from the 153,750-unit grant (153,750 ÷ 4 ≈ 38,438).
Insider Transaction Report
Form 4
McGraner Matt
See Remarks
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-13+38,438→ 299,172 total - Tax Payment
Common Stock
2026-03-13$13.15/sh−13,554$178,235→ 285,618 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-13−38,438→ 76,874 total→ Common Stock (38,438 underlying)
Holdings
- 1,800(indirect: See Footnote)
Common Stock
[F2]
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock of NexPoint Real Estate Finance, Inc.
- [F2]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.
- [F3]On March 13, 2024, the reporting person was granted 153,750 restricted stock units. The restricted stock units vested one-fourth on March 13, 2025 and one-fourth on March 13, 2026 and will vest one-fourth on March 13, 2027 and one-fourth on March 13, 2028. 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, as attorney-in-fact for Matt McGraner|2026-03-17