Richards Paul 4

What Happened
Paul Richards, NexPoint Diversified Real Estate Trust’s Chief Financial Officer (also Executive VP‑Finance, Treasurer and Assistant Secretary), was granted 32,958 restricted share units (RSUs) on April 2, 2026. The RSUs were awarded at $0.00 per unit (a derivative compensation grant), so no cash was paid. Each RSU represents a contingent right to one common share; total immediate value reported = $0 (future value depends on NexPoint’s share price at settlement).

Key Details

• Transaction date: April 2, 2026; filing date: April 6, 2026. No late‑filing flag indicated in the provided excerpt.
• Grant type/code: Award/Grant (derivative RSUs), 32,958 units @ $0.00.
• Vesting schedule: 25% on Apr 2, 2027; 25% on Feb 15, 2028; 25% on Feb 15, 2029; 25% on Feb 15, 2030. Settlement generally within 10 days of vesting; Compensation Committee may elect cash settlement.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Remarks/roles: Reporting person is CFO, Executive VP‑Finance, Treasurer and Assistant Secretary.

Context
This is a compensation award (RSUs), not an open‑market purchase or sale. RSU grants are common for retention and incentive pay and do not represent an immediate purchase of shares — value is realized only if/when RSUs vest and are settled (in shares or possibly cash). For retail investors, such awards signal executive compensation alignment with shareholder value over the vesting period but do not by themselves indicate a bullish or bearish personal stake change today.