McGraner Matt 4

What Happened

• Matt McGraner, Executive Vice President and Chief Investment Officer of NexPoint Residential Trust (NXRT), had 22,350 restricted stock units (RSUs) convert to common shares on March 13, 2026. Of those, 9,837 shares were surrendered/withheld to cover taxes at $25.73 per share, totaling $253,106. The conversion resulted in a net issuance of 12,513 shares to Mr. McGraner.

Key Details

• Transaction date: March 13, 2026 (Form 4 filed March 17, 2026 — timely within the 2-business-day window).
• Vesting/conversion: 22,350 RSUs converted to common shares (reported as derivative exercise/conversion, code M).
• Tax withholding: 9,837 shares withheld/disposed at $25.73/share for $253,106 (code F).
• Net shares delivered to insider: 12,513 (22,350 vested − 9,837 withheld).
• Footnotes: F1 defines RSUs (each RSU = one share). F4 notes these RSUs were part of a prior 111,752-RSU grant with scheduled multi-year vesting (one-fifth vested 3/13/2026); settlement generally occurs within 10 days and may be in cash. F2/F3 indicate certain shares are held in entities/trusts in which Mr. McGraner disclaims beneficial ownership except for his pecuniary interest.
• Shares owned after the transaction: not specified in this filing.

Context

• This was a standard RSU vesting and tax-withholding event (conversion of derivative awards), not an open-market buy or sell. Withholding shares to satisfy tax obligations is a routine administrative step and does not necessarily signal a change in insider confidence.