Mitts Brian 4

What Happened

• Brian Mitts, a director of NexPoint Residential Trust, reported vesting/conversion of 3,540 restricted stock units (RSUs) on March 13, 2026. As part of the vesting, 745 shares were withheld to satisfy tax withholding at $25.73 per share (total $19,169). The filing also shows 531 shares were disposed to the issuer and related derivative conversion/disposition entries associated with the RSU settlement. No open-market purchase was made — this appears to be routine compensation vesting and settlement.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (filed on time).
• Reported actions/codes: M = conversion of derivative (RSU) for 3,540 shares; F = tax withholding of 745 shares @ $25.73 (=$19,169); D = disposition to issuer of 531 shares.
• Shares owned after the transactions: not disclosed in the filing.
• Footnotes: F1 clarifies each RSU equals one share; F2 says a portion of the vested RSUs settled in cash; F3 describes the original 17,699-RSU grant with one-fifth vesting each year Mar 13 (2025–2029).
• No 10b5-1 plan or late filing flags noted.

Context

• This is a standard RSU vesting event, not an open-market sale or purchase. Part of a multi-year RSU grant made Mar 13, 2024 that vests in five annual installments; some vested units may be settled in cash and some shares are routinely withheld or surrendered to cover taxes. Such transactions are typically routine compensation-related activity rather than a direct signal of insider sentiment.