McGraner Matt 4

What Happened

• Matt McGraner, Executive Vice President and Chief Investment Officer of NexPoint Residential Trust (NXRT), had 19,577 restricted stock units (RSUs) convert to common shares on 2026-05-22. Of those, 8,242 shares were withheld to cover tax withholding at $29.74 per share (total $245,117), leaving a net of 11,335 shares delivered to him.
• The conversion shows a $0.00 exercise price, consistent with RSU settlement rather than a cash exercise of stock options.

Key Details

• Transaction date: 2026-05-22; Form 4 filed: 2026-05-27 (filed five days after the transaction; outside the typical 2-business-day window).
• Vested/conversion: 19,577 shares; Tax-withheld/disposed: 8,242 shares at $29.74 for $245,117; Net shares received: 11,335.
• Footnotes: F1 = each RSU converts to one common share; F4 = these RSUs were from a 4/22/2025 grant (97,883 RSUs) with one-fifth vesting on 4/22/2026 and remaining portions vesting through 2029. F2/F3 note some shares are held via an LLC or trust for which Mr. McGraner disclaims beneficial ownership except to his pecuniary interest.
• Shares owned after the transaction: not specified in the Form 4 (filing shows the vesting/withholding but does not list total beneficial holdings in this filing).

Context

• This was a routine vesting/settlement of RSUs with a share-withholding tax payment (a common, non-market-sale transaction). The withholding is effectively a cashless way to pay taxes and does not necessarily indicate a market-driven sale.
• Remaining RSUs from the April 2025 grant will vest on scheduled dates through Feb 15, 2029, per the footnote.