NORRIS DUSTIN DAVID 4
4 · NEXPOINT DIVERSIFIED REAL ESTATE TRUST · Filed Apr 7, 2026
Research Summary
AI-generated summary of this filing
NexPoint (NXDT) EVP Dustin Norris Exercises RSUs, Withholds Shares
What Happened Dustin David Norris, Executive Vice President of NexPoint Diversified Real Estate Trust (NXDT), had restricted share units (RSUs) convert to common shares on April 3 and April 4, 2026. A total of 24,158 shares were issued on conversion (11,720 on 4/3 and 12,438 on 4/4). To cover tax withholding obligations, 3,558 shares were surrendered on 4/3 and 4,918 shares on 4/4 at a withholding value of $4.43 per share, totaling approximately $37,549. The conversion/settlement entries are reported as derivative-to-common-share conversions.
Key Details
- Transaction dates: April 3, 2026 (11,720 shares converted; 3,558 withheld) and April 4, 2026 (12,438 shares converted; 4,918 withheld).
- Withholding price: $4.43 per share; total cash value withheld ≈ $37,549.
- Shares owned after transaction: not stated in the filing.
- Footnotes: These transactions relate to previously granted RSUs (grants on 4/3/2025 of 46,883 RSUs and on 4/4/2023 of 49,751 RSUs) with scheduled vesting; settlement generally occurs within 10 days of vesting and may be settled in cash at the Compensation Committee’s discretion.
- Filing: Report filed 2026-04-07 for events on 2026-04-03/04; filing appears to be timely under Section 16 reporting rules.
Context These entries reflect RSU vesting and routine tax-withholding (share surrender) rather than an open-market sale for cash. For retail investors, such withholding transactions are common administrative actions and don't necessarily indicate insider sentiment about the company’s stock. The “M” codes indicate conversion/exercise of derivative awards (RSUs) and the “F” codes indicate payment of tax liability via share withholding.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-03+11,720→ 789,040.07 total - Tax Payment
Common Stock
2026-04-03$4.43/sh−3,558$15,762→ 785,482.07 total - Exercise/Conversion
Common Stock
[F1]2026-04-04+12,438→ 797,920.07 total - Tax Payment
Common Stock
2026-04-04$4.43/sh−4,918$21,787→ 793,002.07 total - Exercise/Conversion
Restricted Share Units
[F1][F2]2026-04-03−11,720→ 35,163 total→ Common Shares (11,720 underlying) - Exercise/Conversion
Restricted Share Units
[F1][F3]2026-04-04−12,438→ 12,438 total→ Common Shares (12,438 underlying)
- 82,414.16(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Each restricted share unit represents a contingent right to receive one common share of NexPoint Diversified Real Estate Trust.
- [F2]On April 3, 2025, the reporting person was granted 46,883 restricted share units. The restricted share units vested one-fourth on April 3, 2026 and will vest one-fourth on February 15, 2027, one-fourth on February 15, 2028 and one-fourth on February 15, 2029. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
- [F3]On April 4, 2023, the reporting person was granted 49,751 restricted share units. The restricted share units vested one-fourth on April 4, 2024, one-fourth on April 4, 2025 and one-fourth on April 4, 2026, and will vest one-fourth on April 4, 2027. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.