LAFFER ARTHUR B 4

What Happened

• Arthur B. Laffer, a director of NexPoint Diversified Real Estate Trust (NXDT), was granted 3,247 restricted share units (RSUs) on April 2, 2026. The grant is a derivative award reported at $0.00 per unit (no immediate cash paid). RSUs represent a contingent right to receive common shares.

Key Details

• Transaction date: April 2, 2026; Form 4 filed April 6, 2026 (no late-filing flag shown).
• Award: 3,247 restricted share units (reported at $0.00 per unit).
• Vesting: RSUs vest on April 2, 2027; settlement generally occurs within 30 days of vesting.
• Settlement form: May be settled in common shares or, at the Compensation Committee’s discretion, in cash.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1 — each RSU equals a contingent right to one common share; F2 — details on vesting and possible cash settlement.

Context

• RSU grants are a form of compensation to directors and do not represent an immediate purchase or sale of stock. They become valuable only if/when they vest and are settled. Such awards are routine for corporate compensation and do not by themselves indicate the director’s short-term trading intent.