Sauter Dennis Charles Jr 4

What Happened
Dennis Charles Sauter Jr., General Counsel and Secretary of NexPoint Residential Trust (NXRT), was granted 16,800 restricted stock units (RSUs) on April 2, 2026. The award is reported as a derivative grant (Form 4 code A) with an acquisition price of $0.00 because RSUs are contingent rights to receive shares upon vesting. The RSUs vest in installments over 2027–2030 and may be settled in shares or, at the Compensation Committee’s discretion, in cash.

Key Details

• Transaction date: April 2, 2026; filing date: April 6, 2026 (timely).
• Transaction type/code: Grant of RSUs (A); reported acquisition price $0.00 (derivative).
• Quantity: 16,800 restricted stock units.
• Vesting schedule (per filing): 1/5 on Apr 2, 2027; 1/5 on Feb 15, 2028; 1/5 on Feb 15, 2029; 2/5 on Feb 15, 2030.
• Settlement: Generally within 10 days of vesting; may be settled in cash at Compensation Committee’s discretion.
• Shares owned after transaction: Not specified in the Form 4.
• Role/remark: Reporting person is General Counsel and Secretary.

Context
RSUs are a form of compensation that convert into shares (or cash) only when they vest, so this grant does not increase outstanding shares until vesting/settlement. Awards are common for employee compensation and do not by themselves signal buying or selling intent. The filing appears timely under the Form 4 two-business-day rule.